Dive Brief:
- Bitcoin Depot, a crypto and fintech company that offers bitcoin sales at several c-store chains, is adding its BDCheckout service to 400 locations in Iowa and Louisiana, according to a press release from the company.
- BDCheckout allows customers to use the Bitcoin Depot mobile app to purchase bitcoin at the register, rather than having to use a kiosk.
- Major convenience retailers such as Circle K, Pilot Company and Kum & Go are among the companies that are part of Bitcoin Depot’s latest BDCheckout launch.
Dive Insight:
BDCheckout is now available at 246 c-stores in Iowa and 166 in Louisiana. Bitcoin Depot recently acquired a money transmitter license in the two states, allowing it to transfer money for its business.
To use BDCheckout, customers need to have a digital wallet and download the Bitcoin Depot app to their phone. Once at a store with the service, they select how much bitcoin they want to purchase, which generates a barcode. The barcode can then be scanned at checkout, allowing customers to pay for their cryptocurrency. The service is available through a partnership with payments technology company InComm Payments.
Bitcoin Depot’s kiosks and BDCheckout allow consumers to purchase bitcoin with cash, rather than needing a digital payment method.
“We are always seeking opportunities to increase the number of access points across more states,” said Bitcoin Depot Founder and CEO Brandon Mintz. “We launched BDCheckout last year to provide users with another layer of ease and convenience when managing their Bitcoin Depot digital wallets.”
Atlanta-based Bitcoin Depot had about 6,400 kiosks at the end of June throughout North America. The kiosks are located in a number of businesses, including a wide array of convenience stores. In the last year, the company has added kiosks at c-store chains like GetGo Cafe + Market, FastLane, Gas Express, High’s, Majors Management and Stinker Stores.
