30s Summary
US convenience store chain Sheetz has partnered with digital currency payments provider Flexa to enable cryptocurrency payments at over 750 stores nationwide. Customers can now use stablecoins like USD Coin (USDC) and other popular cryptocurrencies for in-store shopping. The partnership reflects rising demand for unconventional payment methods, and positions Sheetz as one of the first prominent US chains to accept such payments. Sheetz has accepted Bitcoin payments via Flexa since 2021.
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American convenience store chain, Sheetz, just upped its crypto game, partnering with Flexa – a digital currency payments provider – to allow crypto payments at plus 750 store locations in the US. According to their announcement, Sheetz customers can now use stablecoins like USD Coin (USDC) and other popular cryptocurrencies while shopping in-store. Flexa’s dealio is that they enable companies to accept payments via digital assets.
Sheetz and Flexa reckon their bolstered partnership reflects the rising demand for unconventional payment methods like crypto. Flexa co-founder, Trevor Filter, said there’s a growing thirst for using stablecoins in everyday life, and they’re stoked to help Sheetz stay ahead in the payments game by allowing their customers to pay quickly and securely at any of their stores.
Thanks to this partnership, Sheetz is now among the first well-known chains in the US to accept crypto payments. Customers can now use cryptocurrencies like Bitcoin (BTC), Ether (ETH), Litecoin (LTC), and USDC to pay for their purchases.
Sheetz is a family-run convenience store chain, started back in 1952 and now has hundreds of stores scattered all over the United States. Recently a report even noted states like Pennsylvania and Michigan registering a spike in interest in cryptocurrencies and estimated that about 40 million Americans currently own crypto.
Ryan Sheetz, Executive VP of marketing and supply chain at Sheetz, is stoked about the new payment option and said they’re excited to make digital currency payments available at all their stores, considering the increasing crypto interest among their customers.
They aren’t newbies when it comes to accepting Bitcoin as payment either, by the way. Back in 2021, Sheetz first started accepting BTC payments through Flexa at its outlets in the US, which included both in-store purchases and gas pumps.