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Bitcoin ATMs to Invade Circle K Convenience Stores

Crypto kiosk company Bitcoin Depot plans to hit “thousands” of locations, with 700 units already installed.

Jul 22, 2021 at 9:56 p.m. UTC
Updated Sep 14, 2021 at 1:29 p.m. UTC

Bitcoin Depot is making a play for bricks-and-mortar foot traffic through a “long-term” crypto ATM partnership with the Circle K convenience store chain.

The crypto ATM company plans to install kiosks at “thousands” of Circle K locations, according to a press release, with over 700 already live in 30 states. CEO Brandon Mintz is aiming for 6,000 kiosks across North America before 2021 is done.

“We feel that the Circle K brand has a wide and diverse customer base with people from all walks of life visiting these stores,” Mintz told CoinDesk.

The tie-up comes as the crypto ATM industry continues to grow. Bitcoin Depot’s own statistics indicate the industry is up 155% year over year.

Mintz declined to say how Bitcoin Depot’s existing machines are faring but said “transaction volumes have continued to grow” through the years. 

DISCLOSURE

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

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