Convenience store chain Sheetz deploys bitcoin ATMs in 6 shops

Cryptocurrency • July 10, 2019, 7:30AM EDT
UPDATED: July 10, 2019, 10:02AM EDT
Partner offers
The Block may may earn a commission if you use our partner offers, at no extra cost to you.

American family-owned convenience store chain Sheetz has deployed bitcoin ATMs in five shops around the Pennsylvania state and one in North Carolina, according to a report from The Associated Press on Tuesday.

The news was later confirmed by Sheetz on Twitter, giving the locations of those stores on Google Maps. The move will allow customers to buy and sell bitcoin with U.S. dollars.

Sheetz has partnered with Texas-based bitcoin ATM operator Coinsource for the initiative. Customers will have to enroll with Coinsource to be able to make transactions from $5 to $5,000 per day from the machines.

Coinsource operates 200 bitcoin ATMs across the U.S., and received BitLicense from the New York State Department of Financial Services last November. The firm is now also looking to get into the remittance business.

AUTHOR

Yogita Khatri profile picture Yogita Khatri

Yogita Khatri is a senior reporter at The Block and the author of The Funding newsletter. As our longest-serving editorial member, Yogita has been instrumental in breaking numerous stories, exclusives and scoops. With over 3,000 articles to her name, Yogita is The Block's most-published and most-read author of all time. Before joining The Block, Yogita wrote for CoinDesk and The Economic Times. You can reach her at [email protected] or follow her latest updates on X at @Yogita_Khatri5.

See More
Connect on

WHO WE ARE

The Block is a news provider that strives to be the first and final word on digital assets news, research, and data.

+ Follow us on Google News
Connect with the block on

More by Yogita Khatri