An upcoming collaboration between Bakkt and Quiznos will permit prospects to pay for meals at sure places with Bitcoin (BTC).
Prospects will have the ability to pay in BTC at sure Quiznos outlets in Colorado’s capital as a part of an preliminary check run, according to a public assertion on Tuesday. “The pilot will probably be obtainable at choose Quiznos places throughout the Denver market, together with the high-traffic Denver airport location, beginning in mid-August,” the assertion mentioned.
Of us will have the ability to pay with Bitcoin through Bakkt’s app — a flexible hub for holding and spending Bitcoin, in addition to managing reward factors and different options. Quiznos is owned by REGO Restaurant Group. REGO’s president, Mark Lohmann, mentioned in a press release:
“Partnering with an revolutionary platform comparable to Bakkt is interesting to us for quite a few causes, primarily as a result of it permits us to just accept bitcoin straight on the level of sale as a part of a fast and seamless transaction […] As we proceed our digital transformation journey and reply to cellular and millennial client demand for various and cryptocurrency cost choices, we’re excited to supply yet one more accessible means for purchasers to purchase a meal, on this case, by means of the Bakkt digital asset pockets.”
The check run comes with an additional perk as effectively. Quiznos goers will earn $15 of free Bitcoin in the event that they get Bakkt’s app, buy some BTC on it after which spend that BTC at a collaborating Quiznos store, the assertion included.
“By means of a partnership with Bakkt, retailers and franchisees have the chance to just accept bitcoin funds from shoppers whereas nonetheless benefiting from a cash-settled expertise,” the assertion mentioned. The assertion was not clear on whether or not or not Quiznos would promote the obtained BTC instantly.
Feedback from Bakkt’s chief income officer, Sheela Zemlin, nonetheless, higher defined the result of the BTC that Quiznos will obtain. “Cost infrastructure is powered by the Bakkt platform, so whereas Quiznos will settle for prospects’ bitcoin cost through the digital Bakkt Card, Bakkt settles in fiat with Quiznos,” Zemlin advised Cointelegraph on Tuesday.
Zemlin additionally confirmed that the pilot Quiznos places will solely settle for Bitcoin by means of the Bakkt app for funds. “The REGO-owned Quiznos chain of eating places has chosen Bakkt as its crypto funds accomplice,” Zemlin defined. “Cost could be made by bitcoin now and a rising variety of crypto property within the months to comply with.”
Up to date Aug. 3, 2021, 20:30 UTC: This text was up to date to included feedback obtained from Bakkt after preliminary publication.