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Thursday, September 12, 2024

Convenience store chain first in US to accept cryptocurrency

It will be possible to pay for purchases at 622 Sheetz outlets with Bitcoin, Ethereum, Litecoin and Dogecoin

Sheetz convenience store chain, one of the largest in the northeastern United States, has announced plans to accept cryptocurrency as a means of payment in retail outlets. It is the first chain of stores to allow shoppers to pay with digital currencies. Payment in cryptocurrency will be available at gas stations and other retail outlets of the network. The company owns 622 points of sale in Pennsylvania, Ohio, Maryland, Virginia, North Carolina and West Virginia.

It will be possible to pay for purchases at Sheetz with Bitcoin, Ethereum, Litecoin and Dogecoin. For this, the company will cooperate with the Flex cryptocurrency payment system.

In mid-May, carmaker Tesla suspended Bitcoin sales of electric vehicles due to the non-sustainable way of mining them. The head of the company, Elon Musk, said on Twitter that Tesla cannot afford to harm the environment, so it will not accept cryptocurrency as payment until it starts mining with renewable energy sources.

Musk later met with North American bitcoin miners to discuss the use of renewable energy sources for cryptocurrency mining. The businessman called the event “potentially promising.”

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