Key Takeaways
Can you now pay with crypto at Bealls stores?
Yes, Bealls now accepts over 99 cryptocurrencies in more than 660 stores across the U.S.
Why is this important?
It’s the first national rollout of its kind.
Bealls Inc. has rolled out cryptocurrency payments across its network of more than 660 U.S. stores. This is through a new integration with the digital payments platform Flexa.
The move will allow customers to use a range of digital assets for in-person purchases, a notable step as more retailers explore alternative payment options.
Retail, meet digital assets
Bealls Inc.’s move to accept crypto payments across its 660-store network comes during a broader shift toward digital payment alternatives.
The rollout, enabled by Flexa, allows in-store purchases using a range of digital assets from various wallets and blockchains.
Source: BusinessWire
While crypto payments are still far from mainstream, their use is growing. This is — at least, in part — fueled by rising adoption, with nearly 28% of U.S. adults now holding digital currencies.
For Bealls, the decision also aligns with its 110th anniversary — perhaps an effort on a longtime giant’s part to remain relevant in today’s time.
Inside the integration
The new payment system is powered by Flexa Payments, a platform that enables retailers to accept over 99 digital currencies, including Bitcoin [BTC], Ethereum [ETH], and stablecoins like Circle’s USDC [USDC].
Customers can pay using more than 300 different wallet apps, across Bealls’ three banners: Bealls, Bealls Florida, and Home Centric.
The system works directly with in-store checkout infrastructure, offering sub-second transaction speeds without the need for additional hardware. According to Matt Beall, CEO of Bealls Inc.,
What’s next?
Bealls’ crypto rollout could serve as an early test case for large-scale digital asset adoption in U.S. retail. With nearly a third of American adults now holding crypto, payment flexibility is rightfully a strategic consideration.
If the integration proves successful, it may prompt other national retailers to follow suit.
Source: https://ambcrypto.com/how-u-s-retailer-bealls-inc-will-spur-crypto-adoption-spree-with-flexa-partnership/
