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 at 9:56 p.m. UTC

Updated Sep 14, 2021 at 1:29 p.m. UTC

A vendor carts Pepsi products into a Circle K store in Chula — Circle K

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.

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