Bitcoin Depot, a U.S.-based Bitcoin ATM operator and leading fintech company, announced today the launch of BDCheckout, enabling customers to load cash to their Bitcoin Depot digital wallet, where they can then purchase Bitcoin. BDCheckout will expand Bitcoin Depot’s crypto access points to thousands of new locations. BDCheckout is an in-app experience that will make it more convenient for customers across North America to load cash to their Bitcoin Depot digital wallets—right at the cash register. Bitcoin Depot continues to grow as the largest cryptocurrency ATM operator after increasing crypto access points for customers with this new service.
Through Bitcoin Depot’s new partnership with InComm Payments, Bitcoin Depot customers can now load cash into their Bitcoin Depot digital wallet via InComm Payments’ VanillaDirect™ cash-in barcode platform at the register at thousands of participating brick-and-mortar retailers. The VanillaDirect network provides access to substantial retail distribution across the country, including leading convenience, pharmacy, value and big box chains. Customers simply go to the cashier, give them up to $500 in cash, the cashier then scans the barcode on their BDCheckout app, and the customer’s cash is instantly loaded into his/her account. Once accounts are funded with cash, customers can then buy Bitcoin on the Bitcoin Depot app; in-app transactions can be completed in under 10 seconds. The full list of participating retailers can be found in the BDCheckout section of the Bitcoin Depot app or website.
To use BDCheckout, people must first download or update the Bitcoin Depot mobile app. The app allows customers to select their preferred retailer, load the amount and the Bitcoin digital wallet, and complete the transaction at the retailer.
"Here at Bitcoin Depot, we understand that the needs of our customers are always evolving," said Brandon Mintz, President and CEO of Bitcoin Depot. "Our launch of BDCheckout allows our company to evolve with those needs and give the customer what they truly want—a simpler way to buy cryptocurrency quickly, conveniently, and securely. BDCheckout significantly increases the number of access points in North America … and climbing."
BDCheckout will initially operate in 22 states and Puerto Rico. Previous to the launch of BDCheckout, Bitcoin Depot signed a first-of-its-kind deal with the retail chain, Circle K, to put Bitcoin Depot ATMs in all of its North America-based stores.
