Bitcoin ATM network Coinsource has added machines at some of Kwik Trip’s more than 800 convenience stores and gas retail locations in Wisconsin, Minnesota, Illinois and Iowa, according to a Monday (May 16) press release.
Coinsource’s fee is 11% nationwide and the company promises an accurate bitcoin price and no hidden fees, with miner fees covered for each transaction. The partnership gives Kwik Trip Rewards members access to lower rates.
“Partnering with Kwik Trip made perfect sense as it enables us to continue our mission of making crypto accessible to every American at phenomenally low rates, especially at a time when traditional economic systems have shown weaknesses,” said Sheffield Clark, CEO of Coinsource, in the press release.
“It is our top priority to place our machines in essential, convenient locations, because Bitcoin is becoming increasingly essential to Americans,” he said.
There are almost 38,000 Bitcoin ATMs across the world as of April 2022. Coinsource touts itself as the only active BitLicence-holding operator in the business. Coinsource offers almost-instant transactions, meaning users get their bitcoin in a few minutes.
“We understand Coinsource’s aim of providing the fastest, easiest and most secure way to buy and sell cryptocurrencies and how a key part of this is placing the Bitcoin ATMs in convenient and easily accessible locations,” said Dave Wagner, controller of Kwik Trip, in the announcement.
“As an added benefit, we know our customers are getting the best deal since Coinsource has the lowest proven rates plus industry-leading compliance, which really sealed the deal,” he said.
Related: Convenience Stores Seek Hot New Brands to Dampen Threat of Delivery
Earlier this month, convenience store retailer 7-Eleven kicked off the application process for its annual Brands with Heart initiative for up-and-coming brands, which runs through the end of the month.
The Brands with Heart program gives brands the chance to introduce their products in 7-Eleven, Speedway and Stripes locations across the U.S. and the program is open to companies with snacks, beverages, confections and healthy items, whether they’re ready to go now or still in development.
Some applicants will be invited to participate in in-store tests in their region, with fan favorites from each market getting spots in the Brands with Heart showcase in front of company leaders, who will offer coaching, mentoring and training to help them develop a national following for their products.
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