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Cryptocurrencies: 28610
Markets: 116284
Market Cap: $2,418,242,216,392     
24h Vol: $54,891,059,276
Seeking Alpha 2023-01-24 15:58:19

Bitcoin Depot expands retail footprint with new partnerships

Bitcoin Depot expands retail footprint with new partnerships
Bitcoin Depot, a U.S.-based bitcoin ( BTC-USD ) ATM provider, has teamed up with a number of convenience store brands with locations spanning across several states as part of its effort to enable more shoppers to convert their cash into bitcoin , it said Tuesday. FastLane, Gas Express, High's, Majors Management and Stinker Stores were among Bitcoin Depot's new business partnerships. Founded in 2016, the fintech has ~7,000 kiosk locations where users can get crypto in exchange for their cash. Bitcoin Depot, which agreed to go public with SPAC GSR II Meteora Acquisition Corp. ( NASDAQ: GSRM ) in August 2022, has signed 440 additional retailer spots across North America in the back half of 2022. In November 2022, Bitcoin Depot acquired a majority interest in Bitaccess.
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