On November 2, 2024, Sheetz, a US convenience store chain, expanded its partnership with crypto payment provider Flexa, enabling digital currency payments at over 750 locations across the United States.
Customers can now use stablecoins like USD Coin (USDC) and popular cryptocurrencies including Bitcoin (BTC), Ether (ETH), and Litecoin (LTC) for in-store purchases. This move positions Sheetz as one of the first major US chains to adopt crypto payments, reflecting the increasing demand for alternative payment methods.
Flexa co-founder Trevor Filter emphasized the growing interest in stablecoin use cases, stating that the partnership allows Sheetz to lead in payment innovation. The initiative follows Sheetz's initial acceptance of Bitcoin payments in 2021, marking a significant step in the chain's digital transformation.
According to a recent report by Andreessen Horowitz, 40 million Americans currently hold crypto, with states like Pennsylvania and Michigan experiencing notable surges in crypto interest.
Ryan Sheetz, the company's executive vice president, expressed enthusiasm for the rollout, highlighting the growing consumer interest in stablecoins.