Quiznos customers will soon be able to purchase their roasted orders through Bitcoin payments.
Quiznos Fast Food Restaurant has announced that it will accept Bitcoin payments at several of its restaurants in Denver, Colorado, beginning in mid-August.
Quiznos Sub Sandwich restaurants are home to toasted sandwich lunch food, including soups, salads, orders, lunch lunches, sandwiches and other catering services. The American franchise fast food restaurant brand is partnering with Bakkt digital property company to make such payments in some locations. Therefore, the purpose of this measure is to make Quiznos one of the largest restaurant companies in the United States to accept cryptocurrency.
Guests can purchase Bitcoins with the Bakkt app and use it to pay for food at seven Quiznos in the Denver area as of this month, including the chain’s busy locations at Denver International Airport. Quiznos said that if the first test goes well, it will expand the partnership with Bakkt to most of its 255 locations in the United States.
Mark Lohmann, CEO of Rego Restaurant Group, owner of Quiznos, said:
“Working with an innovative platform like Bakkt attracts us for a number of reasons, mainly because it allows us to accept bitcoins directly at the point of sale as part of a fast and seamless trade.”
The encryption test is the second step Quiznos is working to improve its business. In May, Quiznos announced it was experimenting with ghost kitchens in partnership with Ghost Kitchen brands to bring it to 100 locations in the U.S. and Canada this year. Now the restaurant is trying a new encryption payment method.
Krypto is gaining traction in the food industry
The slow economic recovery means investors are looking for alternatives. The increase in cryptographic resources has been significant, especially in the post-COVID1-19 environment, where consumers are looking for more contactless alternatives.
About 36% of small and medium-sized businesses in the United States accept Bitcoin. A growing number of investors have also supported cryptocurrency as an alternative to other assets.
More such companies Surplus, Microsoft, Whole Foods, Home Depot and others have begun to adopt Bitcoin. In October 2020, PayPal in use encryption exchanges on its platform of about 350 million users, indicating Bitcoin’s ongoing transition to the mainstream.
Diners ’demand for a contactless experience is significant. Currently, about 51% of U.S. citizens favor contactless technology in the midst of the COVID-19 pandemic, and the trend is on the rise, with 80% of orders, checkout, and payment services projected to be contactless by 2024.
Quiznos has joined a growing number of restaurants that accept encryption fees in global markets such as Burger King, Subway, Starbucks, KFC and Pizza Hut.
August 2, major technology supplier NCR announced plans to buy LibertyX, which will allow restaurants to accept cryptocurrency payments and sell and buy coins.
In April, Landry’s restaurant brands announced they would accept Bitcoin payments in the coming months, describing the move as an “inevitable” step in mainstreaming cryptographic resources.
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