Chipotle’s ‘Buy the Dip’ Game Plans to Reward Players With $200K in ETH, BTC, SOL, AVAX, and DOGE

July 25, 2022 Bitcoin.com

Fast Food Giant Chipotle Adopting Crypto Assets As Digital Payment Option

June 3, 2022 The Daily Hodl

Taco tokens: Chipotle adds crypto payments via Flexa

June 2, 2022 Coin Telegraph

Bitcoin

Nearly 3,000 Chipotle restaurants across the U.S. will accept 98 cryptocurrencies as the Mexican-style fast food chain partners with Flexa to support crypto payments.

The popular Mexican fast food chain Chipotle is now accepting cryptocurrency payments through digital payment provider Flexa at all of its over 2,950 United States based restaurants.

Flexa announced the partnership on June 1st which will see Chipotle accept all the 98 cryptocurrencies Flexa currently supports including Bitcoin (BTC), Ethereum (ETH) and seven U.S. dollar-pegged stablecoins including USD Coin (USDC). Chipotle's website does not contain any information on the announcement however.

Bitcoin, but make it **burritos.**

We’re delighted to share that @ChipotleTweets is now accepting payments in #bitcoin, #ether, #dogecoin, and more, exclusively through Flexa. https://t.co/W0ktwPX7i3
— Flexa (@FlexaHQ) June 1, 2022

The fast food giant is the latest Flexa partner joining other large businesses such as cinema operator Regal Theaters and Bancoagrícola, El Salvador’s largest financial institution where Flexa enables both retail and merchant Bitcoin transactions for the bank's customers.

Chipotle has briefly experimented with cryptocurrencies in the past. In April 2021 to celebrate National Burrito Day it gave away $100,000 worth of Bitcoin along with free burritos and claimed it was the first U.S. restaurant brand to offer a crypto giveaway.

For the so called “chiptocurrency” giveaway Chipotle partnered with former Ripple CTO Stefan Thomas, creating a game where players guessed a code possibly winning either a burrito or up to $25,000 worth of Bitcoin.

The game parodied Thomas’ experience of losing over 7,000 BTC due to forgetting the password for his crypto wallet which today would be worth over $208 million.

Other fast food names have explored or signaled interest in crypto and metaverse applications for their brands. Burger King partnered with trading platform Robinhood in Nov 2021 and gave away free Dogecoin (DOGE) BTC and ETH with meal purchases.

McDonald’s, known for poking fun at crypto Twitter, filed multiple trademark applications in February including plans for “a virtual restaurant featuring actual and virtual goods” in the Metaverse and “operating a virtual restaurant featuring home delivery.”

With crypto adoption in the U.S. remaining high despite market turbulence merchants have expressed desire to implement payment solutions to capture the growing interest.

A Crypto.com global survey of merchants released in February showed only 4% were already accepting cryptocurrency payments, but nearly 60% of merchants responded with an interest in accepting crypto payments within the next year.

Although enthusiasm from merchants overall was high only around 25% of the hospitality industry respondents were keen on crypto payment adoption.

Regal to partner with Flexa to enable digital currency payments in theatres

November 23, 2021 Coin Telegraph

Amp

Customers will be able to purchase movie tickets and concessions with crypto at over 500 Regal cinemas.

On Tuesday morning, Regal, a movie operator of more than 500 locations and 7,000 screens in 42 states plus D.C., announced it would be partnering with digital payment network Flexa to enable its customers to pay with crypto for movie tickets, food, and beverage. Regal will accept a wide variety of coins and tokens, such as Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Doge (DOGE), USD Coin (USDC), DAI (DAI), Gemini Dollar (GUSD), Chainlink (LINK), Cosmos (ATOM), Basic Attention Token (BAT), and more.

Flexa is known for its ability to guarantee payments for real-world applications. In times of peak activity on blockchains such as BTC or ETH, it can take hours or days for transactions to be verified. By leveraging the market value of its underlying ERC-20 token Amp as collateral, Flexa says it can ensure that the transactions it handles will always go through. Meanwhile, Amp token holders earn a reward for putting their capital at risk.

Ken Thewes, Chief Marketing Officer at Regal, said the following in regards to the development:

This exciting partnership enables us to easily and seamlessly accept digital currencies [...] across our theatre footprint in a simple and completely contactless way, providing our guests with the flexibility and safety they deserve as we embark on a new era.

Trevor Filter, co-founder of Flexa, added:

We're very pleased to partner with Regal as we work to enable universal digital currency payment options for movies and more, and help bring the future of payments to cinema.

Regal isn't the only theatre chain in the country that's adopting cryptocurrency. Earlier this month, AMC began accepting BTC for online movie ticket purchases. AMC's CEO also received overwhelmingly positive feedback asking if costumers wanted the company to accept Shiba Inu as payment in a Twitter poll.

Flexa is proud to share that @RegalMovies is now accepting $BTC, $DOGE, $LTC, $LINK, and more for tickets, popcorn, and snacks at the box office! https://t.co/Tgqqdf1L4L
— Flexa (@FlexaHQ) November 23, 2021

Biggest Bank in El Salvador Now Accepts Bitcoin as Payment for Financial Products

September 13, 2021 Bitcoin.com

Traders hope for a new altcoin season now that Bitcoin turned $45K to support

August 11, 2021 Coin Telegraph

Altcoins

Bitcoin’s consecutive daily closes above $45,000 were followed by a 40% rally from ICP, RVN, VGX and EGLD, leading traders to believe that a new altcoin season is starting.

This week the total cryptocurrency market capitalization bounced back to $1.9 trillion, which was a 20% weekly increase and the highest level seen since May 20.

While the fresh bullish momentum attracted the attention of investors, Bitcoin's (BTC) move from $33,400 to $45,900 was pretty much in line with the rest of the market.

Whether Bitcoin will finally break the $46,000 resistance remains an open question. However, the longer it takes, the higher the odds that altcoins will outperform the leading cryptocurrency.

*Total crypto market cap. in USD million (right) and Bitcoin dominance (left). Source: TradingView*

Not every altcoin performed similarly and only 14 of the top 100 from CoinMarketCap outperformed Bitcoin by 3% or more.

*Top weekly performers among the 100 largest. Source: CoinMarketCap*

ICP, RVN, VGX and EGLD followed Bitcoin's 40% rally

Internet Computer (ICP) announced on July 30 that within two weeks of its launch, the Fleek application reached 700 website deployments. Fleek allows one to build websites and front-end for decentralized applications on the Internet Computer blockchain with frictionless hosting.

According to the Dfinity Foundation blog, Fleek created an alternative open-source gateway to the blockchain so Internet Computer smart contracts data could be freely accessed using regular browsers.

Ravencoin (RVN) also became the most profitable coin to mine using graphic cards, according to data from whattomine.com and the network surpassed Ethereum (ETH).

#Ravencoin just flipped $ETH for profit for my farm. I will switch back to $RVN if this stays the case. pic.twitter.com/H6wcRQ55Yz
— CaptainCrypto (@CaptainCrypto33) August 3, 2021

Voyager's breakout was caught by the VORTECS™ indicator

Voyager Digital, the company behind Voyager Token (VGX), acquired crypto trading and payments startup Coinify for $85 million. On August 1, Voyager also launched the VGX web swap 2.0 and staking portal.

VORTECS™ data from Cointelegraph Markets Pro began to detect a bullish outlook for VGX on July 31, before the recent price rise.

The VORTECS™ Score, exclusive to Cointelegraph, is an algorithmic comparison of historical and current market conditions derived from a combination of data points, including market sentiment, trading volume, recent price movements and Twitter activity.

*VORTECS™ Score (left) vs. VGX price (right). Source: Cointelegraph Markets Pro*

As displayed above, the VORTECS™ Score for VGX climbed to 90 high on Aug 3, 30 hours ahead of the 23% price to $3.50.

Lastly, Elrond (EGLD) announced a $20 million funding from Moonlorian Blockchain Business Laboratory. According to Elrond's blog, the blockchain firm is already incubating several projects in domains such as tokenization, NFT, traceability and loyalty platforms.

On the other hand, only six projects presented a negative performance over the last seven days.

*Bottom weekly performers among the 100 largest. Source: CoinMarketCap*

Flexa (AMP) rallied 90% from July 22 to 29 as Binance US announced the token listing. However, the altcoin quickly retraced 26% from the $0.083 top on July 29.

Theta Fuel (TFUEL) faced a similar movement as it rallied 63% from July 20 to 25 during the launch of protocol 3.1.0 and reached a $0.368 top. The hard fork created a more efficient block proposal protocol, optimized the blockchain database and added support for Ethereum RPC API.

Altcoin holders certainly have reasons to celebrate, but investors should be mindful that an eventual Bitcoin price correction will likely cause traders to quickly capture profits from the most volatile altcoins.

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk. You should conduct your own research when making a decision.

Flexa AMP cryptocurrency hits new highs on Coinbase listing — Up 1,700% in 2021

June 17, 2021 Coin Telegraph

Altcoin

The payment system's in-house token passes $0.11 as partner Shopify plans to reach out to Facebook and Google merchants.

The in-house token of cryptocurrency payments app Flexa, AMP, has hit new all-time highs after being listed on major exchange Coinbase.

Data from Cointelegraph Markets Pro and TradingView showed AMP/USD reaching $0.11 per coin for the first time on June 17.

AMP nears $0.12 as best-performing altcoin

Flexa, which describes itself as the “first ever digital currency payment option for brick-and-mortar retail,” aims to offer a blanket solution for cryptocurrency acceptance and spending.

Its previous infrastructure token, Flexacoin (FXC), was converted to AMP late last year as part of an overhaul.

The replacement appeared to fare better than the original almost instantly, rising throughout 2021 from a starting value of just $0.006 — year-to-date gains of around 1,700%.

Flexa has already partnered with Canadian multinational e-commerce company Shopify. When the latter announced that it would expand its payment features to all Facebook and Google merchants this week, AMP cemented its ongoing bull run, jumping 25% in the past 24 hours alone as exchange Coinbase launched trading.

*AMP/USD 1-day candle chart (Bittrex). Source: TradingView*

In late May, U.S. food and retail chain Sheetz confirmed that it would begin accepting Bitcoin (BTC) payments using Flexa’s services.

“Since launching Flexa just over two years ago as the first ever digital currency payment option for brick-and-mortar retail, we’ve scaled to support more than 41,000 merchant locations across the US,” Tyler Spalding, co-founder and CEO of Flexa, commented last month.

Glimmers of hope in flat crypto landscape

AMP thus topped the chart of high-flying altcoins on Thursday, its daily returns double those of the next largest riser, XinFin Network (XDC).

Overall, the picture for alts was mixed on the day, amid a cool-off for Bitcoin and larger market cap tokens including Ethereum (ETH).

In commentary, Cointelegraph contributor Rakesh Upadhyay said that it was a question of patience for most traders.

“Given that there are large amounts of funds ready to flow into cryptocurrencies, another massive fall is unlikely,” he summarized.

“However, that does not mean a new bull market will start in a hurry. Most major cryptocurrencies may enter a bottoming formation before starting the next trending move.”

The overall crypto market cap stood at $1.632 trillion, with Bitcoin’s share at 45.1%.

US Convenience Store Chain Sheetz to Accept Cryptocurrencies for Payments

May 28, 2021 Bitcoin.com

Flexa

ICP, RVN, VGX and EGLD followed Bitcoin's 40% rally

Voyager's breakout was caught by the VORTECS™ indicator

AMP nears $0.12 as best-performing altcoin

Glimmers of hope in flat crypto landscape

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