New cryptocurrency site, Sheetz fully accepts cryptocurrency payment channels

Sheetz will become the first convenience store retailer to accept Bitcoin as a payment method, according to a press release on Thursday (May 27, 2021). Family-owned Sheetz was founded in 1952 and currently has 634 stores and $6.2 billion in annual revenue.

Sheetz has revitalized the traditional family business by partnering with digital payment network Flexa, which aims to enable cryptocurrency payments in physical stores. Flexa provides merchants with a real-time conversion of cryptocurrency into U.S. dollars, making it easier for retail stores to accept cryptocurrency.

In the summer of 2021, Sheetz will allow customers to pay with Bitcoin, Ethereum, Litecoin, and Dogecoin at select coffee shops, and plans to add cryptocurrency payment channels at its self-service gas stations later this year. The convenience store chain will leverage its partnership with NCR to use point-of-sale (POS) technology to ensure seamless cryptocurrency payments through Flexa.

In addition to paying with Bitcoin and cryptocurrencies, Sheetz customers will also have the option to log into their My Sheetz Rewardz membership account to receive additional benefits when paying with the Flexa app.

Commenting on this latest development, Linda Smith, Payments Manager at Sheetz said:

"As a result, we are constantly innovating and exploring new products to truly give our customers what they want, and that includes accepting a wide range of payment methods. We are very excited to be working with Flexa to launch support for cryptocurrencies and other types of digital assets on our store."

Trevor Filter, co-founder of Flexa, also issued a statement, saying:

"Flexa is proud to be the first convenience and retail store chain partner to accept digital currency directly at the gas station."

Sheetz now joins a long list of companies that accept Bitcoin as a payment channel. Currently, there are many well-known companies that accept Bitcoin and other crypto assets for payment, including WeWork, Acker, Merrall & Condit, Luzboa, etc.