Flexa partners with Sheetz to enable digital currency payments at over 750 locations, enhancing convenience and supporting stablecoin usage for customers.
Flexa has recently expanded its partnership with Sheetz, a well-known Mid-Atlantic restaurant and convenience chain. Now, customers can use digital currencies for in-store purchases at all 750+ Sheetz locations. This follows a successful initial rollout at select stores.
With this deeper integration, Sheetz can accept payment in digital assets through Flexa and even allow payment in stablecoins and other cryptocurrencies. As Trevor Filter of Flexa has noted, such an expansion makes payments in digital currencies more convenient for the public. He did point out that there is increasing demand for stablecoins. The goal is to assist Sheetz in remaining competitive in the payment innovation field by providing instant and secure payment at their stores.
Through Flexa’s payment solutions, the consumer can perform immediate, secure payment using different cryptocurrencies. These are bitcoin, ether, litecoin and stable coins such as USD Coin. The integration with Sheetz’s existing point of sale processes to guarantee a seamless check out process.
Sheetz Embraces Digital Payments with Flexa Partnership
This partnership indicates the growing trend in consumers embracing other forms of payment, particularly with the growing use of digital currencies. Research shows that more than one quarter of American consumers are into cryptocurrencies. Besides that, 58% are keen on using it to make purchases. Stablecoin traffic in the second quarter of 2024 was $8.5 trillion involving 1.1 billion transactions. This amount is greater than the $3.9 trillion that Visa handled, to show the importance of stablecoins in the financial industry.
Ryan Sheetz, the EVP of Marketing and Supply Chain at Sheetz, highlighted that it is its way of ensuring that customers are offered more choices in terms of payment methods. He said that the cooperation with Flexa satisfies the growing demand for stablecoins among his customers.
Furthermore, the Flexa system will also connect with the Sheetz My Sheetz Rewardz loyalty program. This ensures that customers earn rewards on every transaction while benefiting from the use of digital currency payments.
Lastly, this extension improves the variety of payment methods that Sheetz consumers can utilize and supports using virtual currencies in regular transactions.
