An upcoming collaboration between Bakkt and Quiznos will enable prospects to pay for meals at sure places with Bitcoin (BTC).
Prospects will be capable 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 can be out there at choose Quiznos places throughout the Denver market, together with the high-traffic Denver airport location, beginning in mid-August,” the assertion stated.
People will be capable 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, stated in an announcement:
“Partnering with an revolutionary platform corresponding to Bakkt is interesting to us for a lot of causes, primarily as a result of it permits us to simply accept bitcoin immediately 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 different and cryptocurrency cost choices, we’re excited to supply yet one more accessible method for patrons to purchase a meal, on this case, by means of the Bakkt digital asset pockets.”
The check run comes with an additional perk as nicely. 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 way of a partnership with Bakkt, retailers and franchisees have the chance to simply accept bitcoin funds from customers whereas nonetheless benefiting from a cash-settled expertise,” the assertion stated. The assertion was not clear on whether or not or not Quiznos would promote the obtained BTC straight away.
Feedback from Bakkt’s chief income officer, Sheela Zemlin, nevertheless, higher defined the end result of the BTC that Quiznos will obtain. “Fee 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 associate,” Zemlin defined. “Fee might 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.