Bitcoin Depot Increases Retail Footprint

The company expanded into 400 different locations across Iowa and Louisiana.

September 06, 2023

Bitcoin Depot, a Bitcoin ATM operator and fintech company, announced the expansion of its BDCheckout program into Iowa and Louisiana through its ongoing partnership with InComm Payments, a global payments technology company. Initially launched in 2022, BDCheckout is an app-based experience facilitating a convenient way for users to load cash to their Bitcoin Depot digital wallets right at the cash register. 

Through Bitcoin Depot’s partnership with InComm Payments, BDCheckout is now available at 246 total locations in Iowa across a variety of convenience store partners such as Kum & Go, Kwik Trip and Pilot Travel Centers. BDCheckout is also expanding into 166 locations in Louisiana.

Before the launch of BDCheckout in these states, Bitcoin Depot successfully acquired its money transmitter “MTL” license in Iowa and Louisiana.

Bitcoin Depot founder and CEO, Brandon Mintz, said “We launched BDCheckout last year to provide users with another layer of ease and convenience when managing their Bitcoin Depot digital wallets.” To use BDCheckout, people must first download or update the Bitcoin Depot mobile app. The app allows users to generate a barcode within the app and fund their wallet with cash conveniently at the register of any nearby participating retail location.

In July, Bitcoin Depot became a publicly traded company and company executives rang NASDAQ’s opening bell. The company has partnered with many convenience store retailers, such as Jacksons Food Stores and GetGo Café + Market, to install crypto ATMs within the stores.

To learn more about cryptocurrency, read “Do You Crypto?” from the October 2022 issue of NACS Magazine.