Bitcoin Depot Expands Crypto ATM Offering With Circle K Partnership

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In Brief
  • The world's largest and fastest growing Bitcoin ATM network has partnered with Circle K.

  • Over 700 Bitcoin ATMs at Circle K locations in 30 states have already been installed.

  • Bitcoin Depot expects 200% growth by the end of the year.

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Cryptocurrency ATM network Bitcoin Depot announced an exclusive international partnership with convenience store chain Circle K. 

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Bitcoin Depot will expand its network of crypto ATMs through Circle K locations throughout the US and Canada. As part of the deal, over 700 Bitcoin ATMs at Circle K locations in 30 states have already been installed.

Convenient destination

As demand for cryptocurrency grows, Denny Tewell, Senior Vice President of Global Merchandise and Procurement at Circle K emphasized that he wanted the store to be a convenient destination for customers to buy Bitcoin

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“At Circle K, we are passionate about making our customers’ lives a little easier every day, and we are continually looking at ways to enhance their experience in our stores and be their favorite stop for a growing range of needs and occasions,” he said. Access to Bitcoin and over 30 other cryptocurrencies is now among their services.

To buy Bitcoin at one of these ATMs, a customer would visit a Bitcoin Depot ATM within a Circle K. Then, after providing their crypto wallet address and inserting cash, customers can use the ATM to send crypto directly to their wallets. Bitcoin Depot has also streamlined the onboarding process. This means that users can go from signing up for an account to then completing a transaction in between 1-2 minutes. All Circle K locations with a Bitcoin Depot ATM can be found at bitcoindepot.com 

Bitcoin Depot’s growth

This isn’t the first major announcement from Bitcoin Depot this year. By May, the cryptocurrency ATM network had already been on a roll. Over the prior month, it deployed 355 crypto ATMs across 40 different American states. Those ATMs had been the latest among the 2,500 Bitcoin Depot deployed over the six months prior. The company expects 200% growth by the end of the year.

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Nick is a data scientist who teaches economics and communication in Budapest, Hungary, where he received a BA in Political Science and Economics and an MSc in Business Analytics from CEU. He has been writing about cryptocurrency and blockchain technology since 2018, and is intrigued by its potential economic and political usage. He can best be described as an optimistic center-left skeptic.

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