Wednesday, October 27, 2021

American convenience store giant Sheetz is set to accept crypto payments.

The Takeaway:

Mid-Atlantic convenience store giant Sheetz is all set to accept Bitcoin and crypto payments across its outlets.

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Retail crypto payment acceptance continues to grow as convenience store giant Sheetz announces plans to allow the use of cryptocurrencies in its outlets across America. In a release issued on Thursday, the convenience store chain announced its partnership with digital payments provider Flexa to enable customers to pay for products and services with cryptocurrencies. As part of the announcement, the convenience store revealed that the crypto payment option was for both in-store items and gas pumps at their over 600 outlets across Pennsylvania, Ohio, Maryland, Virginia, North Carolina, and West Virginia.


Sheetz will accept Bitcoin, Ether, Litecoin, and Dogecoin. 

Cryptocurrencies that will be accepted by convenience store chain include Bitcoin, Ether, Litecoin, and Dogecoin among others. The company’s crypto payment adoption move is also an extension of its business relationship with point-of-sale payment provider NCR. Apart from enabling Bitcoin and crypto payment, Sheetz also plans to allow customers to link their Flexa-enabled payment apps with its loyalty reward program. Cryptocurrencies are seeing significant adoption in the rebates and loyalty rewards arena, with digital currencies being seen as being viable for rewarding patrons.


Crypto continues to get mainstream exposure. 

American convenience store Sheetz has joined the growing list of businesses accepting crypto payments in the United States. Earlier this year, luxury hotel brand The Kessler Collection debuted crypto and stablecoin payment options for guests. Retail crypto payment adoption has been on the rise in recent times, with payment giants like PayPal and Venmo entering the fray back in 2020. In March, the company began allowing American customers to pay with Bitcoin for online shopping. Leading electric car vehicle maker Tesla also announced to accept bitcoin payments before suspending this month. 

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Disclaimer: The article reflects the opinions of the author and is not representative of Chaintimes’ views.
The article does not offer any investment advice. User discretion is advised when investing in or trading with cryptocurrency. Extensive and diligent research should be carried out by the reader before making a decision.

Jai Pratap
Jai Pratap
A Mass Media Graduate who loves to write. Jai is also a sports enthusiast and a big movie buff. He loves to learn new things.

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