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Chipotle Restaurants Now Accept Crypto Payments Across the US
source link: https://nextbigwhat.com/crypto-exchange-gemini-lays-off-10-of-staff-preparing-for-crypto-winter/
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about 5 hours ago
- Gemini Trust Co. is laying off 10% of staff in an effort to help the firm weather “crypto winter,” billionaire brothers Tyler and Cameron Winklevoss, President and CEO, announced on Thursday.
- The brothers reaffirmed that they believe the “crypto revolution” is well underway, but said that its current trajectory has forced them to reevaluate the size of their workforce.
- On Thursday morning, Gemini was the ninth-largest spot crypto exchange, according to CoinMarketCap, having seen $125 million in volume over the past day.
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Japanese PM Encourages Web3-Related Growth, Open to Modify Crypto Tax Legislation
about 5 hours ago
- In order to encourage Web3-related growth, Japanese Prime Minister Fumio Kishida has stated that he may be open to modifying the country’s crypto tax legislation.
- Kishida spoke to parliament last week, saying that Web 3 may spur economic growth and hinting that he might be willing to go through with pro-business legislation reform.
- The opposition Democratic Party for the People Leader Yuichiro Tamaki has been one of the most vociferous opponents of the present crypto tax policy, which entails crypto being categorized as miscellaneous income.
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Chipotle Restaurants Now Accept Crypto Payments Across the US
about 5 hours ago
- 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, Ethereum and seven U.S. dollar-pegged stablecoins including USD Coin.
- 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.
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