• Circle K to Offer Cryptocurrency ATMs at US, Canadian Locations

  • Circle K to Offer Cryptocurrency ATMs at US, Canadian Locations

    A company that bills itself as "the world's largest and fastest growing Bitcoin
    ATM network" says it has reached a deal with Circle K to install such ATMs in
    company stores in the United States and Canada.

    In an announcement this week, Bitcoin Depot said it has already installed 700
    of the Bitcoin ATMs in 30 states, saying the convenience retailer "is the first
    major retail chain to deploy Bitcoin ATMs within its stores."

    The ATMs allow users to purchase cryptocurrencies by providing a crypto wallet
    address and then making payment. In its announcement about the deal, Circle K
    parent company Alimentation Couche-Tard said the ATMs give users "immediate
    access to bitcoin and over 30 other cryptocurrencies." Bitcoin Depot says a
    typical transaction can be completed in a few minutes.

    Denny Tewell, senior vice president, global merchandise and procurement, at
    Circle K said the deal is part of the company's efforts to enhance the customer
    experience and provide for "a growing range of needs and occasions."

    "Our partnership with Bitcoin Depot further builds on this commitment, giving
    our brand an important, early presence in the fast-growing cryptocurrency
    marketplace as a convenient destination where customers can buy Bitcoin," he
    said.

    Circle K is not the only convenience-store operator taking notice of
    cryptocurrency. In May, Pennsylvania-based Sheetz Inc. announced it would allow
    customers at its 622 stores in Pennsylvania, North Carolina, Virginia, West
    Virginia, Ohio and Maryland to pay for gas and convenience items using
    cryptocurrencies.

    Last year, OPIS noted the presence of cryptocurrency ATM machines at fuel
    industry trade shows.

    --Reporting by Steve Cronin, scronin@opisnet.com; Editing by Barbara Chuck,
    bchuck@opisnet.com