PSU news by
Penn State's student blog

Topics

More

State College Sheetz Adds Bitcoin ATM

One year after it was immortalized in the 2018 line dance, Bitcoin will now make it rain in State College.

The Sheetz on Valley Vista Drive off North Atherton Street is one of six locations to debut a brand-new Coinsource Bitcoin ATM Tuesday after the chain announced the arrival of its new machines.

Coinsource, the self-proclaimed largest global Bitcoin ATM network, requires users to register online and download its wallet app before buying or selling Bitcoin on its devices. Users can then make transactions ranging from $5 to $5,000 per day using the machines.

Although plenty of Smeal kids probably wish they could get their blockchain buzz downtown at Sheetz on Pugh, it’s probably for the best that Bitcoin isn’t made available at a location frequented by drunk bar and party-goers.

Sheetz has continued its full-steam-ahead charge into millennial and Gen Z appeal with the addition of Bitcoin ATMs coming on the heels of the Altoona-based company’s recent foray into CBD products. It now sells an array of CBD-infused goods behind its counters, including vape pens and oral patches.

Assistant Vice President of Brand Strategies Ryan Sheetz said that the company is “always trying to be innovative and give customers what they want,” according to an Associated Press report.

Despite the “Great Crypto Crash” of 2018 when the price of the cryptocurrency fell below $6,000, a single bitcoin is currently worth over $12,000.

Your ad blocker is on.

Please choose an option below.

Sign up for our e-mail newsletter:
OR
Support quality journalism:
Purchase a Subscription!

About the Author

Jim Davidson

Jim is a junior English and history major and the features editor for Onward State. He, like most of the Penn State undergraduate population, is from 'just outside Philadelphia,' and grew up in Spring City, Pennsylvania. He covers a variety of Penn State topics, but spends nine months of every year waiting for the start of soccer season. You can reach him via email at [email protected] or follow him on twitter @messijim.

State College Links
Follow on Another Platform
113kFollowers
157kFollowers
54.9kFollowers
4,570Subscribers
Other posts by Jim

To The People & The Place, I Love You, Goodbye: Jim Davidson’s Senior Column

“Although it’s still unclear where my own path, where my own train, is headed, I know that if I could go back and begin the same journey again, I would slow down as I passed through Happy Valley.”

Penn State Women’s Soccer Alum Ellie Jean Signs With Dutch Club PSV Eindhoven

‘You’re Always A Part Of The Program’: Naeher, Krieger, & The Soccer Journey That Began In Happy Valley

The Story Of Julia Cipparulo & Her Motives For Allegedly Vandalizing Penn State

“That broken ear is a permanent reminder of the dark side of Penn State University, the lives lost, and a warning. A warning that the deaths will continue unless massive change is enacted.”

The Story Of Julia Cipparulo & Her Motives For Allegedly Vandalizing Penn State

“That broken ear is a permanent reminder of the dark side of Penn State University, the lives lost, and a warning. A warning that the deaths will continue unless massive change is enacted.”

Penn State Alum Charged For Campus Vandalism

In a statement sent to Onward State, Julia Cipparulo claimed to have vandalized several Penn State campus landmarks, including the Lion Shrine, on May 8.

Penn State Football Announces New Jersey Numbers For 2022 Season

Nittany Lions old and new have received new jersey numbers ahead of the 2022 season.

 
Send this to a friend