Chipotle courts the gullible with a crypto game

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The leader of our fearless group sent me an article about a restaurant that accepted cryptocurrencies. I thought about writing a letter to my editor who hatescryptocurrencies but I forgot because Musk did some nonsense.

It has been this way until now. We were tipped to the new game by burrito joint for NationalAvocado Day. Guac costs more so it is called "Buy the Dip". According to the press release, the game will engage fans in a stock market simulation to buy the dip at its lowest point and give away $200,000 incryptocurrencies. I guess this is how they are recruiting new people, since they paid $25 million for giving customers the snot bug.

The phrase "Buy the dip" is a common phrase in the world of cryptocurrencies. If you buy in the winter, it will be cheaper than the top of the next cycle. The investment narrative may affect your mileage.

It's hard to time the market bottom. It's irresponsible to encourage people to try it in the form of a game.

This isn't the first time the company has done something like this. The invention of National Burrito Day is the result of some annoying marketers who gave away $100,000 in Bitcoins and $100,000 in free burritos. Burritobucks is a new currency on Roblox. If you played the game on Roblox, you could get a code for free food if you traded in Burritobucks.

Nilay sent me an email about the Flexa payments. You can make them with a Flexa-enabled app, such asSPEDN. I downloaded the app to find out what was crazy.

Screenshot of SPEDN app

The pitch for cryptocurrencies was that it would be an improvement on the current banking system. I don't understand how loading a wallet is better than using a credit card. Cash is better than it is. Every time you buy something with your Flexa account, you have to pay taxes. Flexa will help you with your taxes by giving you a copy of your transactions so you can give the IRS the extra money you owe.

Where would my money go if I deposited into Flexa? According to the terms of service, when you deposit yourcryptocurrencies into the app, your funds are held and insured with a third party custodian. It's great! It's cool. There are no more questions. The deposits on the site are insured by the twins of the same name.

The winner of the Buy the Dip contest will receive their coins through a Coinbase account, according to a spokeswoman for Chipotle. According to the company's upcoming second quarter earnings release, Soriano wouldn't say how many transactions per day had taken place through Flexa. The point of Flexa is that the company can choose to get paid in dollars, no matter what currency you use.