Key Takeaways
- Bealls retail crypto payments are now live across all 660+ stores in 22 states.
- The Flexa-powered system accepts over 99 digital assets from 300+ wallet apps.
- This marks the largest planned deployment of in-store crypto payments by a national retailer.
Table of Contents
A Historic Retail Leap Into Digital Assets
Bealls Inc. has become the latest company to launch its Bealls retail crypto payments program across its entire network of more than 660 stores in what represents a historic step forward in the adoption of crypto for everyday commerce. The 110-year-old family-owned retailer partnered with digital payments leader Flexa to enable customers to pay with everything from Bitcoin and Ethereum to stablecoins and popular memecoins.
The announcement of this innovative payments investment comes just in time for celebrations surrounding the company’s 110th anniversary. In strategic alignment with bringing together generations of retail experience, Bealls is integrating financial technology solutions into traditional retail markets.
Read also: PayPal’s “Pay with Crypto” Feature Goes Live: 100+ Tokens Now Accepted by U.S. Merchants
Smooth Integration for Everyday Consumers
The Bealls retail crypto payments system uses Flexa’s technology to deliver a frictionless checkout experience. Shoppers now can simply scan QR codes at the point of sale (PoS) using any of the 300 wallet apps it supports, with transaction confirmations in sub-seconds.
Essentially, the system is blockchain-agnostic:
- Supporting assets across more than a dozen networks
- Automatically converts crypto to dollars at the moment of sale
These main features eliminate volatility risk for Bealls at a time that provides the growing crypto-owning demographic (around 65 million American adults) with new spending utility for their digital assets.
Read also: Square Bitcoin Launches Zero-Fee Payments for 4 Million Merchants
Opening Doors for Retail’s Digital Future
So far, the implementation of Bealls retail crypto payments program marks a key step in bridging the gap between digital assets and everyday commerce. As Chairman & CEO Matt Beall stated, this partnership is “about preparing for the future of commerce,” not simply payment processing.
Moreover, by establishing itself as the first national retailer to provide a system for such aggressive crypto acceptance, Bealls has set a meaningful example for the industry by demonstrating that established brick-and-mortar chains can successfully integrate Web3 technologies to meet and adapt current consumer expectations.
FAQs
What cryptocurrencies does the Bealls Retail Crypto Payments program accept?
Bealls now accepts over 99 digital currencies through Flexa, including Bitcoin (BTC), Ethereum (ETH), major stablecoins like USDC and USDT, and even popular memecoins, from more than 300 compatible wallet apps.
How does the payment process work at checkout?
Retail shoppers easily scan a QR code at the register using their preferred crypto wallet app. Then, the system instantly converts crypto to U.S. dollars at the current exchange rate, finalizing the transaction in seconds without price volatility risk to Bealls.
Are there any transaction limits or fees for crypto payments?
Bealls has not announced specific transaction limits. To this point, the retailer receives the full dollar amount of each purchase, with Flexa typically absorbing network fees, making it cost-comparable to traditional credit card payments for the merchant.
For more crypto adoption stories, read: Gemini Solana Credit Card Offers 4% Spending Rewards & 6.77% Staking Yield
