The acceptance of cryptocurrency payments in the United States continues to grow as Sheitz announced plans to allow digital currencies to be used in retail sale across the country.
In a statement released on Thursday, the convenience store chain announced a partnership with the digital payment provider Flexa to allow customers to pay for products and services using the cryptocurrency.
As part of the announcement, Sheetz revealed that the cryptocurrency payment option is for both in-store items and gas stations at more than 600 stores in Pennsylvania, Ohio, Maryland, Virginia, North Carolina and West Virginia.
Cryptocurrencies that the convenience store chain will accept include Bitcoin (BTC), Ether (ETH), Litecoin (LTC), and Dogecoin (DOGE).
The company’s decision to implement cryptocurrency payments is also an extension of its working relationship with payment service provider NCR.
In addition to including Bitcoin and cryptocurrency, Sheetz also plans to allow customers to connect Flexa-enabled payment apps to the company’s loyalty rewards program.
In fact, cryptocurrencies are gaining widespread acceptance in the arena of discounts and loyalty rewards, as digital currencies are considered viable to reward borrowers.
Sheetz’s announcement now adds stores to the growing list of companies accepting cryptocurrency in the US. Back in March, luxury hotel brand The Kessler Collection offered its guests payment options in crypto and stablecoins.
As Cointelegraph previously reported, a Mastercard survey conducted earlier in May showed that up to 40% of respondents worldwide expressed an interest in using cryptocurrency for payments in 2022.
In fact, there has been an increase in the adoption of cryptocurrency payments recently, with payment giant PayPal joining the fray in 2020. In March, the company began allowing US customers to pay for online purchases with Bitcoin.
In April, PayPal expected cryptocurrency revenue to exceed $200 million in just a few months after distributing its cryptocurrency payment solutions.