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, 9:56 PM

Updated May 15, 2023, 1:45 PM

Election 2024 coverage presented by

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

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information have been updated.

CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. CoinDesk has adopted a set of principles aimed at ensuring the integrity, editorial independence and freedom from bias of its publications. CoinDesk is part of the Bullish group, which owns and invests in digital asset businesses and digital assets. CoinDesk employees, including journalists, may receive Bullish group equity-based compensation. Bullish was incubated by technology investor Block.one.

Danny Nelson

Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.

Read more about