Chipotle, a well-known restaurant business, emerged in the cryptocurrency world in 2021 when it gave away $100,000 in bitcoin for National Burrito Day. The platform then continued to add additional items to its giveaway list over the course of the following few months. More recently, the switch to proof-of-stake [PoS] on the Ethereum network appeared to have captured Chipotle’s attention.
For a very long period, the Ethereum network and its eagerly awaited update, the Merge, have drawn attention. This ground-breaking upgrade altered a wide range of factors both inside and outside the ETH ecosystem.
The well-known restaurant establishment announced in its most recent Twitter thread that its steak bowl will be discounted by a staggering 99.95 percent. The tweet from Chipotle undoubtedly perplexed the neighborhood. However, the company emphasized that this offer took into account the fact that the Ethereum network now consumes 99.95% less energy as a result of the Merge.
Payments platform Flexa noted in a Medium post that the deal was only valid through October 4th. However, in order to take advantage of the promotion, consumers would need to spend ETH at Chipotle.
The post further stated,
Now until October 4, when you use Flexa to spend ETH at any Chipotle restaurant in the US, you’ll save 99.95% off your purchase — an amount equal to the projected overall energy savings from Ethereum’s transition to proof-of-stake consensus.
Chipotle’s offer too good to be true?
While the offer did attract many, quite a few others thought it was a hassle. Many others grumbled about having to download an app, make a brand-new account, and go through the entire login process. Numerous people continued to complain about the app’s malfunction or the store’s ignorance of the offer even after this.
Others pointed out that while they would have received free lunch through Chipotle’s most recent program, they would have ended up paying a lot for gas.
But it appeared that most Crypto Twitter users took advantage of the offer. The Chipotle comment section was covered in images of the bowl. At the time of writing, Ethereum was trading at $1276.95 and had taken a plunge of 0.41% over the last 24 hours.
