An upcoming collaboration betwixt Bakkt and Quiznos will allow customers to pay for meals at sure locations with Bitcoin (BTC).

Customers will be able to pay in BTC at certain Quiznos shops in Colorado's capital every bit role of an initial exam run, according to a public statement on Tuesday. "The pilot will be available at select Quiznos locations across the Denver market, including the high-traffic Denver airport location, starting in mid-August," the argument said.

Folks will exist able to pay with Bitcoin via Bakkt's app — a versatile hub for holding and spending Bitcoin, as well as managing advantage points and other features. Quiznos is owned past REGO Restaurant Group. REGO'due south president, Mark Lohmann, said in a statement:

"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 straight at the point of sale as part of a quick and seamless transaction [...] As nosotros go along our digital transformation journey and answer to mobile and millennial consumer demand for culling and cryptocurrency payment options, we are excited to offer even so some other accessible way for customers to purchase a meal, in this instance, through the Bakkt digital asset wallet."

The test run comes with an actress perk as well. Quiznos goers will earn $xv of free Bitcoin if they become Bakkt'southward app, buy some BTC on information technology and so spend that BTC at a participating Quiznos shop, the argument included.

"Through a partnership with Bakkt, merchants and franchisees have the opportunity to have bitcoin payments from consumers while still benefiting from a greenbacks-settled experience," the statement said. The argument was not articulate on whether or not Quiznos would sell the received BTC right away.

Comments from Bakkt'due south chief revenue officeholder, Sheela Zemlin, however, better explained the outcome of the BTC that Quiznos will receive. "Payment infrastructure is powered by the Bakkt platform, so while Quiznos will take customers' bitcoin payment via the virtual Bakkt Card, Bakkt settles in fiat with Quiznos," Zemlin told Cointelegraph on Tuesday.

Zemlin also confirmed that the airplane pilot Quiznos locations will merely accept Bitcoin through the Bakkt app for payments. "The REGO-owned Quiznos chain of restaurants has selected Bakkt as its crypto payments partner," Zemlin explained. "Payment can be made by bitcoin now and a growing number of crypto avails in the months to follow."

Updated Aug. iii, 2022, 20:30 UTC: This article was updated to included comments received from Bakkt after initial publication.