American convenience store Sheetz now accepts crypto payments
Sheetz announced its partnership with digital payments provider Flexa to enable customers to pay for products and services with cryptocurrencies.
The convenience store chain Sheetz announces plans to allow the use of digital currencies in its outlets across the country.
The announcement 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. The list of cryptocurrencies that will be accepted by the convenience store chain includes Bitcoin (BTC), Ether (ETH), Litecoin (LTC), and Dogecoin (DOGE), among others.
The crypto payment adoption move from Sheetz is also an extension of its business relationship with point-of-sale payment provider NCR. The company also plans to allow customers to link their Flexa-enabled payment apps with the company’s loyalty reward program.
Indeed, crypto is seeing significant adoption in the rebates and loyalty rewards arena, with digital currencies being seen as viable for rewarding patrons.
Back in March, luxury hotel brand The Kessler Collection debuted crypto and stablecoin payment options for guests. Sheetz’s announcement now adds convenience stores to the growing list of businesses accepting crypto payments in the United States.
Retail crypto payment adoption has been on the rise in recent times, with payment giant PayPal entering the fray back in 2020. In March, the company began allowing U.S. customers to pay with Bitcoin for online shopping. Mastercard survey from earlier in May revealed that up to 40% of respondents across the globe expressed interest to use crypto for payments in 2022.