More US Stores Add BTC Payments Via Bitcoin Depot

More US Stores Add BTC Payments Via Bitcoin Depot

Time Stamp: January 24, 2023 10:16 AM
Source Node: 1916993

The prominent crypto ATM operator, Bitcoin Depot has signed numerous partnerships with up to 440 North American stores since H2 2022.

Bitcoin Depot, the world’s largest multi-cryptocurrency ATM operator, has announced a series of new partnerships across numerous states in the U.S. that would see more retail stores accept Bitcoin (BTC) as a payment option. The latest development brings Bitcoin Depot’s partnerships in North America to 440 by the second half of 2022.

The new partnerships involve numerous U.S.-based stores, including Majors Management, Gas Express, Stinker Stores, High’s, and FastLane, according to an official announcement today. The collaborations further solidify Bitcoin Depot’s presence in the U.S. and take the crypto ATM operator a step closer to achieving its dream of bringing crypto to the masses.

“We are seeing more retailers understand the potential value of providing their customers access to Bitcoin through Bitcoin Depot ATMs and these partnerships reinforce our value proposition for notable retailers in the U.S.,” Brandon Mintz, CEO, and co-founder of Bitcoin Depot remarked.

Like its previous partnerships, the recent development will give customers an opportunity to convert cash to crypto and pay for their goods and services in the desired crypto asset at participating stores. The process, which is facilitated by the Bitcoin Depot Checkout, is supported at over 7,000 retail stores across 48 states in the U.S. and 10 provinces in Canada.

The new retail partners have all expressed their excitement about the development. Notably, Harry Sorrow – Majors Management’s Regional Manager and Brand Ambassador – highlighted the assurance he feels about working with one of the leading players in the Bitcoin ATM (BTM) scene, citing Bitcoin Depot’s impressive revenue in Q3 2022.

“I’m very excited to be working with Bitcoin Depot because of the potential impact that their Bitcoin ATMs can have on our business, and look forward to continuing to further our partnership,” Amin Chitalwala, CEO of Gas Express, commented.

Increase in BTC and Crypto Payment Integrations 

Amid the massive increase in adoption rate, several retail points and companies worldwide have begun accepting Bitcoin and other cryptocurrencies as payment methods. Last November, Pick n Pay, a leading South African grocery retail platform announced that it will start accepting BTC payments.

Moreover, NowPayments noted last year that they had started processing payments in Shiba Inu for up to 10 businesses. Italian luxury brand Gucci also revealed that it would start accepting payments in BTC, DOGE and other crypto assets at select U.S. retail points.

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