A major restaurant and convenience store chain in the United States, has announced it will start accepting Dogecoin ($DOGE) and select other cryptoassets as means of payment via a partnership with crypto payment processor Flexa. Cryptocurrency payment options will be available for both in-store items and gas pumps at its over 600 outlets.
Sheetz will be using Flexa’s “climate-neutral payments technology” later this summer at select Sheetz Café Stores, before a wider rollout to all of its stores.
The convenience store chain’s customers will also be able to link their My Sheetz Rewardz loyalty account with Flexa-enabled apps. Trevor Filter, co-founder of Flexa, said:
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
Sheetz has also turned to its point-of-sale technology partner NCR to help it accept crypto payments. Its announcement adds convenience stores to a growing list of businesses accepting cryptocurrency payments throughout the world.
Cryptocurrency markets were affected earlier this month by Tesla revealing it would no longer accept bitcoin payments over environmental concerns, after it started accepting BTC earlier in February. The company joined a growing list of businesses accepting bitcoin payments.
It’s worth noting a survey conducted earlier this year by Mastercard revealed that up to 40% of respondents across the globe showed interest in using cryptocurrency for payments next year.
The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, or other advice. Investing in or trading cryptoassets comes with a risk of financial loss.