Crypto Adoption Boom: Fast Food Giant Chipotle To Accept Crypto As Payment

The mass adoption of crypto is going great, despite the market crash. Check out the latest reports that support this claim.

Chipotle accepts crypto as a payment option

Popular fast-food chain Chipotle forms a new partnership that will allow the restaurant to accept crypto assets as payment.

A recent blog post by digital payments network Flexa, Chipotle will now be accepting crypto assets exclusively on the platform at any of its store locations in the United States.

“Today, we’re delighted to announce that Chipotle is now accepting digital currency payments exclusively through Flexa.”

The same official notes reveal the following:

“Now you can spend your bitcoin and other digital currencies from any Flexa-enabled app for burritos, bowls, and more at any Chipotle restaurant in the United States, making Chipotle the latest merchant to accept digital currency payments with Flexa.”

As per the online publication the Daily Hodl, Flexa currently supports nearly 100 cryptos, including leading digital assets Bitcoin (BTC) and Ethereum (ETH), and the following popular meme tokens Dogecoin (DOGE) and Shiba Inu (SHIB).

It also supports layer-1 protocols such as Avalanche (AVAX) and Cardano (ADA).

Cardano in the news

Speaking of Cardano (ADA), a few days ago, it’s been also revealed that an important financial analyst said that Cardano deviates from other crypto assets as the price of ADA is surging.

In a new video, the host of financial education YouTube channel InvestAnswers says the upcoming rollout of the Vasil hard fork this month is driving ADA’s current rally.

“It always rallies before hard forks. It’s pretty obvious that the spike right now is due to the Vasil hard fork, which has supposedly a lot of great stuff coming: a lot more scalability in terms of TPS [transactions per second], a lot more smart contract functionality, a lot more DeFi [decentralized finance] capabilities, etc.”