News

Sheetz convenience stores pilot 6 bitcoin ATMs

July 9, 2019

Convenience store company Sheetz Inc. is partnering with Coinsource, a Texas-based ATM operator, to install bitcoin ATM machines at six of its locations in Pennsylvania and North Carolina. The crypto kiosks allow users to quickly and easily buy and sell bitcoin.

"As cryptocurrency increases in popularity and demand, we are excited to add this service in our continual mission to be the ultimate one-stop-shop." Ryan Sheetz, the company's assistant VP of brand, said in a release.

The store locations include:

• 1915 Pleasant Valley Blvd, Altoona, PA 16602
• 1315 Lincoln Way E, Chambersburg, PA 17202
• 7970 Linglestown Road, Harrisburg, PA 17112
• 3025 Babcock Blvd, Pittsburgh, PA 15237
• 101 Valley Vista Dr, State College, PA 16803
• 2505 Somerset Center Dr, Winston-Salem, NC 27103

Customers can transact $5 to $5,000 per day from a Coinsource bitcoin ATM. To use the machines in stores, they need to create an online account with Coinsource to confirm their identities first. 

Coinsource claims to have 250 bitcoin ATM machines nationwide. It recently announced plans to add the Dai stablecoin to its machines this summer. It was also the first Bitcoin ATM operator to receive a BitLicense, required for cryptocurrency companies to operate in New York.

Bitcoin ATM installations are growing quickly. There are now more than 5,000 of them globally, compared to 3,200 a year ago.