American convenience store chain Sheetz will accept Bitcoin payments

Sheetz partners with Flexa and NCR to bring digital currencies directly to the fuel pump for an instant, fraud-proof form of payment

Mid-Atlantic convenience store chain Sheetz will start accepting bitcoin and other crypto payments across its outlets. In a press release on 27th May 2021, Sheetz announced that it is partnering with digital payment facilitator Flexa 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, dogecoin, litecoin, and more.

Retail crypto payment acceptance in the United States is growing as Sheetz announces plans to allow the use of digital currencies in its outlets across the country.

Sheetz is planning the crypto payment rollout in a phase-wise manner start with Sheetz Cafe Stores later this summer followed by Sheetz’s fuel pumps across its Pennsylvania, North Carolina, Virginia, West Virginia, Ohio, and Maryland stores.

Sheetz’s preference for Flexa as a payment partner lies in the fact that it has an instant, scalable, and climate-neutral payments technology and Sheetz will also allow its customers to have the option to link their My Sheetz Rewardz loyalty account when paying with Flexa-enabled apps.

And to make digital payments seamless with a fraud-proof authorization process, Sheetz turned to its relationship with NCR, its point-of-sale technology partner.

Connecting through the existing POS solution to the NCR payment gateway enables retailers to quickly integrate new solutions making it easy to introduce new innovations enabled by digital currencies. Retailers benefit through increased loyalty, lower transaction fees, and reduced fraud while improving convenience and choice for shoppers.

Tim Vanderham, Chief Technology Officer of NCR

Sheetz’s innovative, customer-focused approach combined with NCR point-of-sale technology and Flexa’s digital currency payment solutions is a strong partnership that marks the first time that digital currencies have been accepted for convenience purchases, and greatly expands the utility of digital currencies for everyday spending.

Also see - “Bitcoin is impossible to shut down” – Cathie Wood

The Sheetz announcement now adds convenience stores to the growing list of businesses that have opened up for accepting crypto payments in the United States. Back in March, luxury hotel brand The Kessler Collection debuted crypto and stablecoin payment options for guests.

A recent survey by Mastercard earlier in May also revealed that up to 40% of respondents across the globe expressed interest to use crypto for payments in 2022. And thus we will see more retail and business opening up for crypto payment options in near future.

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