Sheetz to Accept Cryptocurrency Payments across the United States
Convenience store giant, Sheetz, has announced an expanded partnership with crypto payment provider Flexa to grant customers options for settling payments in cryptocurrencies like Bitcoin (BTC), Ether (ETH), and stablecoins like USD Coin (USDC). This enables crypto enthusiasts to pay using their favorite cryptocurrencies for goods and services provided at over 750 locations of this popular chain throughout the United States.
Crypto payment option end
With this development, Sheetz will have an easy and safe avenue of paying for the current trend in demand for digital currencies for payment. Flexa’s digital payment infrastructure makes it simple, thereby allowing Sheetz to meet the growing interest in alternative methods of payment. The partnership makes Sheetz among the few but expanding U.S. retailers adopting digital currency options for payments.
Trevor Filter, the co-founder of Flexa, underlined how important such cooperation was for that, among other reasons mentioning the rising demand in use cases of stablecoins. “The demand for stablecoin use cases continues to grow, and we’re excited to help them stay at the forefront of payment innovation by offering their customers the ability to pay instantly and securely at any of their stores,” Filter said.
Pioneering Convenience Retail
In 2021, East Coast convenience retailer Sheetz first welcomed cryptocurrency payments with the ability to buy Bitcoin from select locations. For the first time ever, it made Sheetz the first convenience retailer that would accept digital currency for both in-store and at-the-pump purchases. After such a great initial reception, Sheetz expanded the option chain-wide and allows customers to pay with a few of the more popular crypto assets.
Ryan Sheetz, EVP of marketing and supply chain said: “We’re excited to make digital currency payments available at all our stores and to meet the growing interest in stablecoins among our customers”.
Growing Interest in Digital Currency
This expanded crypto payment offering from them comes at a time when interest in cryptocurrencies is on the rise across the United States. In fact, according to a report entitled “State of Crypto 2024” from venture capital firm Andreessen Horowitz, crypto interest is growing so rapidly that even states like Pennsylvania and Michigan are among those posting significant gains in digital currency adoption. The report underlined that 40 million Americans now hold cryptocurrencies.
The partnership with Flexa finally allows Sheetz to offer new means of paying for its customers, bold in their nature for the retail sector of conveniences, further solidifying a place that digital currencies have in everyday use.
