back Back

Bakkt partners with Quiznos to launch pay with bitcoin pilot in-store

By Pavithra R

August 05, 2021

  • America
  • Bakkt
Share

Bakkt partner with Quiznos to launch pay with bitcoin pilot in-storeBakkt, the digital asset marketplace behind the Bakkt App, has announced partnering with Quiznos, a national quick-service restaurant (QSR), to launch its first physical location pilot enabling Quiznos customers to pay with bitcoin at select locations.

The pilot is made available at select Quiznos locations across the Denver market, including the high-traffic Denver airport location, starting in mid-August.

“This is an exciting tentpole moment for us as we connect the next generation of customer experiences to the digital economy. Through this partnership, we are introducing unique experiences to Quiznos customers by enabling them to take advantage of new ways to interact with digital assets and bringing bitcoin utility to the mainstream consumer market. We will closely watch how this pilot performs, with the potential to expand the partnership to additional Quiznos locations across the country,” said Sheela Zemlin, Chief Revenue Officer at Bakkt.

The initial phase of the rollout will see select Quiznos locations in the Denver market pioneering a new and innovative payment method for customers to purchase their next meal with bitcoin using the Bakkt App. Customers who download the Bakkt App, buy bitcoin and use it to purchase their next Quiznos meal will be rewarded with $15 worth of bitcoin.

Bakkt continues to expand its partner ecosystem to make digital assets as liquid as fiat currency, and the firm continues to find new and innovative ways to establish cryptocurrency as a simple payment option in the daily lives of consumers. Through an alliance with Bakkt, merchants and franchisees will have the opportunity to accept bitcoin payments from consumers while still benefiting from a cash-settled experience.

“Partnering with an innovative platform such as Bakkt is appealing to us for a number of reasons, primarily because it allows us to accept bitcoin directly at the point of sale as part of a quick and seamless transaction. As we continue our digital transformation journey and respond to mobile and millennial consumer demand for alternative and cryptocurrency payment options, we are excited to offer yet another accessible way for customers to buy a meal, in this case, through the Bakkt digital asset wallet,” said Mark Lohmann, President of REGO Restaurant Group, which owns Quiznos and other national QSR chains.

Launched in 2018, Bakkt is leading a new era of financial services innovation, focused on reimagining and unlocking the value of digital assets like rewards and loyalty points, gift cards, and cryptocurrency owned by Intercontinental Exchange (ICE). The company’s goal is to make all digital assets as liquid as any fiat currency.

Previous Article

August 05, 2021

Voyager and Usio partner to accept crypto as a form of payment at merchant and ISV-level

Read More
Next Article

August 05, 2021

Fiskl partnered GoCardless for SMEs to take direct debit payments globally

Read More








IBSi Daily News Analysis

March 22, 2024

America

Industry experts stress modernization, sustainability, and AI as cornerstones for future of corporate banking, Finastra study shows

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

March 28, 2024

Tempo France suspends classical remittances, to focus on DeFi

Read More

March 28, 2024

Sindhuja Microcredit secures $14.5m in Series C Funding round

Read More

March 28, 2024

Pulsate joins the Jack Henry™ Vendor Integration Program

Read More

Related Reports

Sales League Table Report 2023
Know More
Global Digital Banking Vendor & Landscape Report Q4 2023
Know More
Wealth Management & Private Banking Systems Report Q4 2023
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q4 2023
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2023