As Sheetz announced plans to allow the use of digital currencies in its outlets across the country, the acceptance of retail encrypted payments in the United States continues to grow.
in a freed The convenience store chain released on Thursday, announcing a partnership with digital payment provider Flexa to enable customers to use cryptocurrency to purchase products and services.
As part of the announcement, Sheetz revealed that the encrypted payment option targets both in-store merchandise and gas stations in more than 600 stores in Pennsylvania, Ohio, Maryland, Virginia, North Carolina, and West Virginia.
The company’s move to adopt encrypted payments is also an extension of its business relationship with NCR, a point-of-sale payment provider.
In addition to enabling Bitcoin and encrypted payments, Sheetz also plans to allow customers to link its Flexa-enabled payment application with the company’s loyalty reward program.
Indeed, cryptocurrency has been widely adopted in the field of rebates and loyalty rewards, and digital currency is considered a viable way to reward customers.
The Sheetz announcement is now adding convenience stores to more and more companies accepting encrypted payments in the United States. Back in March, the luxury hotel brand The Kessler Collection Launch of crypto and stablecoin payment options for the first time For the guests.
As previously reported by Cointelegraph, the MasterCard survey conducted in early May showed that 40% of respondents All parts of the world have expressed interest in using cryptocurrencies for payments in 2022.
Indeed, the adoption rate of retail encrypted payments has been rising recently, and payment giant PayPal will enter the competition in 2020. In March, the company began to allow U.S. customers Pay for online shopping with Bitcoin.
By April, PayPal predicts Crypto commerce revenue exceeds 200 million U.S. dollars A cryptocurrency payment solution was deployed in just a few months.