GPM Investments adds bitcoin teller machines to 188 convenience stores. | Shutterstock
GPM Investments, a subsidiary of Arko Corp., is adding bitcoin access across its convenience-store network.
The c-store operator is partnering with Bitcoin Depot, a bitcoin kiosk operator and fintech company based in Atlanta. Bitcoin Depot will deploy bitcoin teller machines (BTMs) to 188 GPM-affiliated brands to offer customers a secure and convenient way to buy cryptocurrency, Bitcoin Depot said in a statement.
“We’re excited to introduce Bitcoin Depot’s technology to our stores as we look for new ways to enhance the guest experience and meet evolving consumer needs,” said Michael Bloom, executive vice president and chief merchandising and marketing officer at GPM Investments. “Offering a trusted option for Bitcoin purchases aligns with our commitment to innovation and convenience for our customers.”
Following this rollout, Bitcoin Depot said it plans to expand to more GPM locations.
“By partnering with GPM Investments and its family of community brands, we can reach even more consumers where they already shop every day and continue our work to bring digital currency safely and securely into the mainstream,” Scott Buchanan, president and COO of Bitcoin Depot, said.
Bitcoin Depot’s products and services provide a process for converting cash into Bitcoin. Its BTMs allow users to access the broader digital financial system, including using Bitcoin to make payments, transfers, remittances, online purchases and investments.
Bitcoin is also growing outside convenience-store locations. In October, Bitcoin Depot announced a distribution partnership with the Independent Grocers Alliance (IGA).
“This relationship will further help independent grocers stay competitive by bringing in new foot traffic and offering a service that’s increasingly relevant to the communities they serve,” said IGA Vice President of Brand Development Michael La Kier.
Bitcoin Depot Inc. was founded in 2016 with the mission to connect those who prefer to use cash to the broader, digital financial system.
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