Share this article
Bitcoin ATMs to Invade Circle K Convenience Stores
Crypto kiosk company Bitcoin Depot plans to hit “thousands” of locations, with 700 units already installed.
By Danny Nelson
Updated May 9, 2023, 3:21 a.m. Published Jul 22, 2021, 9:56 p.m.
Make us preferred on Google
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.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
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.
Read more: Over 100 New Bitcoin ATMs Going Live Across 24 US States
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.
More For You
Pudgy Penguins is building a multi-vertical consumer IP platform — combining phygital products, games, NFTs and PENGU to monetize culture at scale.
What to know:
Pudgy Penguins is emerging as one of the strongest NFT-native brands of this cycle, shifting from speculative “digital luxury goods” into a multi-vertical consumer IP platform. Its strategy is to acquire users through mainstream channels first; toys, retail partnerships and viral media, then onboard them into Web3 through games, NFTs and the PENGU token.
The ecosystem now spans phygital products (> $13M retail sales and >1M units sold), games and experiences (Pudgy Party surpassed 500k downloads in two weeks), and a widely distributed token (airdropped to 6M+ wallets). While the market is currently pricing Pudgy at a premium relative to traditional IP peers, sustained success depends on execution across retail expansion, gaming adoption and deeper token utility.
More For You
Vitalik Buterin to spend $43 million on Ethereum development
Ethereum’s co-founder said the $43 million withdrawal will support a broader “full-stack openness and verifiability” vision as the foundation tightens spending.
What to know:
- Vitalik Buterin withdrew 16,384 ETH, worth about $43 million at current prices, to deploy toward open-source security and privacy projects.
- The move comes as the Ethereum Foundation enters a period of “mild austerity” following a market drawdown.
- The foundation still holds roughly $558 million in crypto assets, according to Arkham.
