Sheetz is Introducing Bitcoin ATMs at Six of its Locations
Michael Hemsworth — July 12, 2019 — Business
Convenience store brand Sheetz has announced that it will be installing bitcoin ATMs at six of its locations in the United States to offer shoppers with a new method to access their digital currency.
The ATMs will be from Coinsource and will allow customers to make daily transactions ranging from $5 to $5,000; users only need to create an online account with Coinsource prior for identity confirmation purposes. The announcement comes on the heels of the Circle K announcement of bitcoin kiosks that will be launched at 20 locations in Nevada and Arizona through a partnership with DigitalMint.
Assistant Vice President of Brand Ryan Sheetz spoke on the new bitcoin ATMs saying, "As cryptocurrency increases in popularity and demand, we are excited to add this service in our continual mission to be the ultimate one-stop-shop."
The ATMs will be from Coinsource and will allow customers to make daily transactions ranging from $5 to $5,000; users only need to create an online account with Coinsource prior for identity confirmation purposes. The announcement comes on the heels of the Circle K announcement of bitcoin kiosks that will be launched at 20 locations in Nevada and Arizona through a partnership with DigitalMint.
Assistant Vice President of Brand Ryan Sheetz spoke on the new bitcoin ATMs saying, "As cryptocurrency increases in popularity and demand, we are excited to add this service in our continual mission to be the ultimate one-stop-shop."
Trend Themes
1. Cryptocurrency Atms - The introduction of bitcoin ATMs at convenience stores presents disruptive innovation opportunities in the digital currency space, allowing for easier access and usability.
2. Digital Currency Convenience - The integration of bitcoin ATMs in convenience stores creates a convenient and accessible method for people to manage their digital currency, fostering the growth of the digital economy.
3. Partnerships with Cryptocurrency Providers - The collaboration between convenience store brands and cryptocurrency service providers opens up opportunities for strategic partnerships and enhanced customer experiences in the cryptocurrency industry.
Industry Implications
1. Convenience Store - The introduction of bitcoin ATMs at convenience stores signifies a disruptive innovation that merges traditional convenience store services with emerging digital currency technologies.
2. Cryptocurrency - The integration of bitcoin ATMs at convenience stores presents disruptive innovation opportunities within the cryptocurrency industry, expanding the accessibility and usability of digital currencies.
3. Digital Payments - The integration of bitcoin ATMs in convenience stores highlights disruptive innovation opportunities within the digital payments industry, providing an alternative payment method and promoting the adoption of digital currencies.
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