An upcoming collaboration between Bakkt and Quiznos will enable prospects to pay for meals at sure areas with Bitcoin (BTC).
Clients will be capable of pay in BTC at sure Quiznos retailers in Colorado’s capital as a part of an preliminary take a look at run, in response to a public assertion on Tuesday. “The pilot will likely be accessible at choose Quiznos areas throughout the Denver market, together with the high-traffic Denver airport location, beginning in mid-August,” the assertion stated.
People will be capable of 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 akin to Bakkt is interesting to us for various causes, primarily as a result of it permits us to just accept bitcoin instantly on the level of sale as a part of a fast and seamless transaction […] As we proceed our digital transformation journey and reply to cell and millennial client demand for various and cryptocurrency fee choices, we’re excited to supply yet one more accessible means for patrons to purchase a meal, on this case, by the Bakkt digital asset pockets.”
The take a look at 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 a partnership with Bakkt, retailers and franchisees have the chance to just 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 acquired BTC instantly.
Feedback from Bakkt’s chief income officer, Sheela Zemlin, nonetheless, 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 fee through the digital Bakkt Card, Bakkt settles in fiat with Quiznos,” Zemlin informed Cointelegraph on Tuesday.
Zemlin additionally confirmed that the pilot Quiznos areas will solely settle for Bitcoin by the Bakkt app for funds. “The REGO-owned Quiznos chain of eating places has chosen Bakkt as its crypto funds companion,” Zemlin defined. “Fee may be made by bitcoin now and a rising variety of crypto property within the months to observe.”
Up to date Aug. 3, 2021, 20:30 UTC: This text was up to date to included feedback acquired from Bakkt after preliminary publication.