Convenience store chain Sheetz deploys bitcoin ATMs in 6 shops

Cryptocurrency • July 10, 2019, 7:30AM EDT
UPDATED: July 10, 2019, 10:02AM EDT
The Block

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.

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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.

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Yogita Khatri is a senior reporter at The Block, covering all things crypto. As one of the earliest team members, Yogita has played a pivotal role in breaking numerous stories, exclusives and scoops. With nearly 3,000 articles under her belt, Yogita holds the records as The Block's most-published and most-read author of all time. Prior to joining The Block, Yogita worked at crypto publication CoinDesk and The Economic Times, where she wrote on personal finance. To contact her, email: [email protected]. For her latest work, follow her on X @Yogita_Khatri5.

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