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Flexa Expands Partnership with Sheetz to Enable Digital Currency Payments for In-Store Purchases

Flexa Expands Partnership with Sheetz to Enable Digital Currency Payments for In-Store Purchases

The innovative partnership highlights growing consumer demand for stablecoin payments with Flexa, now available in every Sheetz location.

Flexa, an early leader in digital payments, announced the expansion of its partnership with Sheetz, a major Mid-Atlantic restaurant and convenience chain, enabling customers to use digital currencies for in-store purchases at all Sheetz locations across the Mid-Atlantic. Following the success of the initial rollout at select locations, this expanded partnership means that all 750+ Sheetz locations can now accept digital asset payments through Flexa, offering Sheetz customers an easier and more seamless way to pay using stablecoins like USDC, as well as other popular digital currencies.

All 750+ Sheetz locations can now accept digital asset payments through Flexa, offering Sheetz customers an easier and more seamless way to pay using stablecoins like USDC, as well as other popular digital currencies.

“Flexa is making digital currency payments more accessible and user-friendly than ever before,” said Trevor Filter, cofounder of Flexa. “The demand for stablecoin use cases continues to grow, and we’re excited to help Sheetz stay at the forefront of payment innovation by offering their customers the ability to pay instantly and securely at any of their stores.”

Catch more Fintech Insights : Global Fintech Series Interview with Tanya Thomas, EVP for EMEA, Q4

Flexa’s digital asset payments solutions enable consumers to make instant, fraud-proof payments using various digital assets, including bitcoin, ether, litecoin, and stablecoins such as USD Coin, across all 750+ Sheetz locations in Pennsylvania, North Carolina, Virginia, West Virginia, Ohio, Michigan, and Maryland. This new technology integrates directly with Sheetz’s existing in-store point-of-sale systems, ensuring a smooth and fast checkout process.

As digital currencies, particularly stablecoins, continue to gain traction for everyday transactions, Sheetz’s expanded partnership with Flexa reflects the growing consumer demand for alternative payment methods. Over 23% of U.S. consumers now own cryptocurrency, and 58% are interested in using it for purchases1. Over quarter two of 2024, stablecoin transaction volume reached an impressive $8.5 trillion across 1.1 billion transactions, exceeding the $3.9 trillion in payments processed by Visa over the same period2, further highlighting the increasing importance of stablecoins in the global financial ecosystem.

“We’ve always been committed to giving our customers more payment options, and our expanded partnership with Flexa allows us to do just that,” said Sheetz EVP of Marketing and Supply Chain Ryan Sheetz. “We’re excited to make digital currency payments available at all our stores and to meet the growing interest in stablecoins among our customers.”

Read More on Fintech : Global Fintech Series Interview with Deepak Gupta, EVP of Demand Fulfillment at Volante and US Faster Payments Council Board Member

[To share your insights with us, please write to psen@itechseries.com ]

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