Bitcoin Depot is making a play for brick-and-mortar foot traffic through a âlong-termâ crypto ATM partnership with the Circle K convenience store chain.
The crypto ATM company plans to install kiosks at âthousandsâ 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.
âWe feel that the Circle K brand has a wide and diverse customer base with people from all walks of life visiting these stores,â Mintz told CoinDesk.
The tie-up comes as the crypto ATM industry continues to grow. Bitcoin Depotâs own statistics indicate the industry is up 155% year-over-year.
Mintz declined to say how Bitcoin Depotâs existing machines are faring but said âtransaction volumes have continued to growâ through the years.Â