Bealls, a retail chain based in the U.S., is set to accept cryptocurrencies like Bitcoin and USDC as payment through a collaboration with Flexa, a provider of digital payment infrastructure.
Summary
- The U.S. retail chain Bealls has teamed up with Flexa to enable crypto payments.
- Bealls will utilize Flexa’s payment solution, Flexa Payments, to facilitate cryptocurrency transactions.
In a press release on October 20, Bealls Inc., which operates over 660 stores in 22 states, announced it is the first national retailer to accept cryptocurrencies from any crypto wallet app across more than a dozen blockchain networks. source
Matt Beal, Chairman & CEO of Bealls Inc., stated, “Digital currency will transform global transactions, and Bealls is proud to lead this change. Our partnership with Flexa goes beyond payments; it’s about future-proofing commerce and innovating for the next 110 years.”
Trevor Filter, co-founder of Flexa, mentioned that the partnership has been in development for several years and aligns with Bealls Inc.’s 110th anniversary.
Home Centric, a home goods chain under Bealls Inc., will also begin accepting cryptocurrencies as part of this initiative.
Bealls will use Flexa Payment, an all-in-one solution for merchants, allowing acceptance of major cryptocurrencies such as Bitcoin and Ethereum, as well as meme coins like Dogecoin, from over 300 supported wallets. This solution can seamlessly integrate with existing retail systems, enabling quick in-store transactions that benefit from the rapid settlement times of blockchain payments.
The use of cryptocurrencies in everyday transactions is steadily increasing as more consumers seek new ways to utilize their digital assets. Bealls reports that around 28% of American adults now own cryptocurrency, with this number on the rise.
Many leading retailers are also embracing digital currencies as the demand for alternative payment options grows in both physical and online stores.
Metro, a significant player in Singapore’s retail sector, started accepting stablecoins like USDC and USDT this year through a partnership with DTCPAY.
Chipotle, a major American chain, began accepting cryptocurrencies in 2022, also partnering with Flexa. More recently, in March of this year, Steak ‘N Shake, another American fast-food chain, began accepting Bitcoin.
