Sheetz, a major U.S. convenience store chain, has broadened its partnership with Flexa to allow payments in cryptocurrencies like Bitcoin, Ethereum, and stablecoins at over 750 store locations.
Through this partnership, Sheetz customers can now pay for in-store purchases using stablecoins like USD Coin (USDC) as well as popular cryptocurrencies. Flexa, which specializes in crypto payment solutions, aims to help businesses expand their payment options with digital assets, meeting the growing demand for alternative payment methods.
Growing Interest in Stablecoins for Payment
Flexa co-founder Trevor Filter highlighted the increasing demand for stablecoins, saying, “We’re excited to help Sheetz lead in payment innovation, giving customers a secure, instant way to pay with digital currency at any of their stores.”
As one of the first large U.S. chains to support crypto payments, Sheetz allows customers to use Flexa to pay with assets like Bitcoin, Ether, and USDC, giving more options to its customers. The family-owned chain, established in 1952, operates stores in states like Pennsylvania, North Carolina, Virginia, Ohio, and Michigan.
This development aligns with findings from Andreessen Horowitz’s “State of Crypto 2024” report, which noted a spike in crypto interest in states like Pennsylvania and Michigan, with 40 million Americans now holding digital assets.
Ryan Sheetz, Executive VP of Marketing and Supply Chain, expressed enthusiasm for the new offering: “We’re thrilled to bring digital currency payments to all our locations and meet our customers’ interest in stablecoins.”
Summary Review: Sheetz has expanded its partnership with Flexa to enable cryptocurrency payments at over 750 U.S. stores, supporting assets like Bitcoin, Ethereum, and stablecoins. This move meets the growing interest in alternative payments and positions Sheetz at the forefront of digital payment options for convenience store chains in the U.S.
Disclaimer: Nothing in this article, or any content from Web30 News, should be interpreted as financial advice. The information provided is for entertainment and educational purposes only. Investing in cryptocurrency involves risks, and investors should be aware that capital is at risk and returns are never guaranteed. Please conduct thorough research and consult with a qualified financial advisor before making any investment decision.
