An upcoming collaboration between Bakkt and Quiznos will allow clients to pay for meals at sure places with Bitcoin (BTC).
Prospects will be able to pay in BTC at sure Quiznos retailers in Colorado’s capital as a part of a preliminary check run, according to a public statement on Tuesday. “The pilot can be out there at choosing Quiznos locations throughout the Denver market, including the high-traffic Denver airport location, beginning in mid-August,” the assertion stated.
People will have the ability to pay with Bitcoin through Bakkt’s app — a versatile 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 a press release:
“Partnering with an revolutionary platform such as Bakkt is interesting to us for plenty of causes, primarily as a result of it permits us to simply 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 cell and millennial shopper demand for various and cryptocurrency cost options, we’re excited to supply yet one more accessible approach for customers to purchase a meal, in this case, through the Bakkt digital asset pockets.”
The test 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 taking part Quiznos store, the assertion included.
“Via a partnership with Bakkt, retailers and franchisees have the chance to simply accept bitcoin payments from customers whereas nonetheless benefiting from a cash-settled experience,” the assertion stated. The statement was not clear on whether or not or not Quiznos would promote the obtained BTC immediately.
Feedback from Bakkt’s chief revenue officer, Sheela Zemlin, nonetheless, better defined the result of the BTC that Quiznos will obtain. “Cost infrastructure is powered by the Bakkt platform, so whereas Quiznos will settle for clients’ bitcoin cost through the digital Bakkt Card, Bakkt settles in fiat with Quiznos.”
Zemlin additionally confirmed that the pilot Quiznos places will solely settle for Bitcoin via the Bakkt app for funds. “The REGO-owned Quiznos chain of restaurants has chosen Bakkt as its crypto payments accomplice,” Zemlin defined. “Payment will be made by bitcoin now and a rising variety of crypto belongings within the months to observe.”
