Cryptocurrencies are evolving and becoming more relevant despite ongoing market fluctuations and the “crypto winter of 2022,” during which the value of popular cryptocurrencies plummeted. Technological innovation, decentralization, censorship resistance and growing adoption rates contribute to the continued prominence of cryptocurrencies. As a result, convenience stores have the opportunity to integrate cryptocurrencies into their operations,…
What’s Your Cryptocurrency Strategy?
The market capitalization of all cryptocurrencies is estimated to be over $2 trillion. This prepaid reserve has attracted the attention of retailers to help investors with a path to instant liquidity for the highly volatile alternative asset by accepting cryptocurrency directly for purchases. The growth is prompting c-store operators to question how they can tap…
What Do Delivery Services Really Deliver?
Should your convenience store embrace third-party, aggregated delivery services? As the pandemic stretches on, it’s time to re-examine the pros, cons, risks and costs. Could the pros of paying others for delivery services, ostensibly justified in net-new incremental sales, be far outweighed by the cons of unknowingly donating your SKU-level sales data to third-party intermediaries…
How to Plan for the Pending Cookie Apocalypse Using Autonomous Check-In, Checkout
As the unanticipated impact of the pandemic magnified the need for online to offline (O2O) solutions and order ahead for convenience stores, so too will the pending cookie apocalypse by Google drive the business case for autonomous check-in and checkout. Verifiable O2O attribution from known users commands the highest trade promotion, placement and slotting fees,…
Are C-Stores Rushing into Autonomous Checkout?
Autonomous checkout announcements by 7-Eleven, Alimentation Couche-Tard, Tesco, MasterCard and 60-plus other pilots from 100-plus different suppliers indicate what a liminal moment it is for c-store point of sale (POS) systems. The average age of most POS platforms across the c-store industry is 10 years or more, perhaps the oldest installed POS base of any…