Retail crypto payment acceptance continues to grow in the United States as Sheetz has announced plans to allow the use of virtual currencies at its outlets across the US.
In The release Released on Thursday, the convenience store chain announced its partnership with digital payment provider Flexa to enable customers to pay for products and services with cryptocurrencies.
As part of the announcement, Sheitz revealed that the crypto payment option was for both in-store items and gas pumps at his more than 600 outlets in Pennsylvania, Ohio, Maryland, Virginia, North Carolina and West Virginia.
The company’s move to adopt crypto payments is also an extension of its business relationship with point-of-sale payment provider NCR.
In addition to enabling bitcoin and crypto payments, Sheetz also plans to allow customers to link their Flexa-enabled payment app to the company’s loyalty reward program.
In fact, crypto is being adopted significantly in the rebate and loyalty rewards arena and digital currencies are being considered viable for rewarding patrons.
Sheitz’s announcement now adds convenience stores to a growing list of businesses accepting crypto payments in the United States. Back in March, luxury hotel brand The Kessler Collection Introduced crypto and fixed currency payment options For the guests.
As previously reported by Cointegraph, a MasterCard survey conducted prior to May showed that 40% of the respondents Expressed interest to use crypto for payment in 2022 worldwide.
In fact, the adoption of retail crypto payments has increased in recent times, with payments giant PayPal entering back in 2020. In March, the company began allowing American customers. Pay with bitcoin for online shopping.
By April, PayPal was predicting this Crypto commerce revenue over $ 200 million Within a few months of deploying a cryptocurrency payment solution.