Bitcoin Depot is making a play for brick-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.
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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.