Sheetz to accept Bitcoin Payment

Sheetz, a chain of U.S. convenience stores has announced recently that it will start accepting cryptocurrency. The firm’s announcement to include bitcoin and other modes of asset payments shows the growing trend and demand for cryptocurrency in the market.

This latest development in the acceptance of asset payments by Sheetz will also see a new partnership between Sheetz and Flexa. With the help of Flexa, Sheetz will be able to access the digital payment platform which will accept cryptocurrency even in stores. Flexa majorly will be developing the application where asset payments can be accepted even in convenience stores.

Sheetz has made it clear, that all forms of asset payments will be accepted in the stores, be it bitcoin, Litecoin, dogecoin, and others. Meanwhile, they are also planning to accept BTC and other asset payments for fuel pumps later this year. Trevor Filter, the co-founder of Flexa confirmed the same and spoke about the excitement of being a part of the latest payment trend in the market.

Sheetz has plans of introducing My Sheetz Rewards Loyalty points for making payments through cryptocurrency using Flexa-enabled applications.

This shows the era of cryptocurrency has arrived and will be beneficial for all. Besides Sheetz, other companies like May, Laudry’s, Cryptopotato have shown interest and soon will join the bandwagon for accepting cryptocurrency. Few major companies have already introduced cryptocurrency including Acker, WeWork, Luzbao, and others.

Tesla, an electric vehicle manufacturer, had initially supported Bitcoin payments in March. However, it has suspended the Bitcoin payment option due to the many environmental concerns recently.

Also Read: South Korea to Impose 20% Income Tax on Crypto Transactions