American Convenience Store Chain Sheetz To Accept Cryptocurrencies as Payment Option
Nicholas Otieno May 31, 2021 07:06
Sheetz announced that the company would start accepting cryptocurrencies for payments this summer.
Sheetz is proud to offer more payment options to its customers. The US convenience store chain announced plans to start accepting Bitcoin and other cryptocurrencies in its select stores and fuel pump stations beginning this summer.
On Friday, May 28, Sheetz disclosed that it partnered with the digital payments network Flexa to add cryptocurrencies as a payment option.
Bitcoin Ether, Dogecoin, and Litecoin are among the digital currencies that customers will be able to use for payments at Sheetz chain of convenience stores and coffee shops.
The American convenience store chain company plans to roll out crypto payments at a number of select stores and cafes at first. The firm will then initiate cryptocurrency payments at its fuel pump stations later this year.
However, the firm did not say which locations would be initially included in the crypto payment plans. Sheetz, headquartered in Altoona, Pennsylvania state, runs 622 coffee shops and convenience stores in the United States.
Pennsylvania is the state with the most numbers of Sheetz branches, with 287 locations which are 46% of all Sheetz locations in America. The firm has other stores in Maryland, Ohio, Virginia, North Carolina, and West Virginia.
The company aims to “provide customers with the ability to pay for items inside the store or fill up their cars, trucks, and RVs at the pump using digital currencies like Bitcoin, Ether, Litecoin, dogecoin, and more,” Sheetz said.
Firms See Business Opportunities in Cryptocurrency
Retailers and investors alike are becoming more interested in crypto transactions. As crypto demand rises, convenience stores have begun to give it serious consideration. Sheetz said that it is a first convenience store to adopt cryptocurrency point-of-sale (POS) services in its shops.
Of course, there are several benefits of adding a crypto POS service at a convenience store, including growing the customer base.
Convenience stores such as 7-Eleven Inc, Alimentation Couche-Tard Inc, Speedway LLC, Sheetz, and others are already increasing customers interested in cryptocurrency transactions. A high percentage of millennial customers are seen interested in using cryptocurrency transactions. As a result, many businesses and firms are responding to such demands to stay relevant.
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