Sheetz, one of the largest convenience store chains in the US with over 600 store locations, will be accepting digital currency payments via Flexa, the digital payments network.
Customers would now be able to fill up their cars or trucks or buy any items in the store and the payments can now be done through bitcoin, ethereum, litecoin, dogecoin, and others.
The store chain will start accepting digital payments using Flexa’s scalable and reliable technology during the course of the summer and later in the year, it is expected that it will accept such payments in the pumps as well.
“Above all else, our mission at Sheetz is to continue providing our customers with the ultimate one-stop shop where they can refuel their car and refresh their body. As a result, we are constantly innovating and exploring new offerings to truly give our customers what they want, when they want it, 24/7/365 — that includes accepting many forms of payment. We’re very excited to be working with Flexa to roll out support for cryptocurrencies and other types of digital assets at our stores,” said Linda Smith, Payments Manager for Sheetz.
The point of sale partner for Sheetz is a company called NCR and it has helped the store chain to seamlessly integrate the digital payments technology of Flexa into their system and this partnership between the 3 companies marks the first time that cryptocurrencies would be accepted at a convenience store chain.
“With interest in digital currencies reaching all-time highs, it’s easy to lose sight of the fact that there are real, tangible benefits for the merchants who accept them—not only reduced fraud and cost savings, but also a better and more mobile customer experience,” said Trevor Filter, co-founder of Flexa. “Sheetz is one of the most forward-thinking brands in the business and understands their customer base better than anyone else. We’re absolutely elated that Flexa can help them become the first convenience and retail chain to accept digital currencies directly at the pump.”
The acceptance of crypto payments at Sheetz is likely to give a huge boost to the crypto domain as it would standardise crypto as a form of payment that can be used across a wide range of areas. It is this acceptance that the crypto world has been seeking as it strives to be treated on par with fiat currencies.
There is still a long way to go before digital currency payments become the norm around the world with regulators also stepping in to ensure that the system is established in the right manner but the crypto world seems to be on the right path to achieve its goal.