An owner of two convenience stores in the US accepting bitcoin has taken a decision to eliminate pennies from his business. The aim of getting rid of small change is to speed up transactions and satisfy customers' needs.

Roland Foss has come up with an experiment of banning the US smallest coins from his Mission Market store in Fullerton and Anaheim. Being an Army Veteran, Foss claimed he borrowed the idea from the practice of US military posts overseas back in the 1980s.

Foss was seeking to make payments faster when he adopted bitcoins in his shops. He installed bitcoin ATM at the Mission Market Express opened in the Anaheim bus and train station last year. Now both of his stores accept bitcoins as a payment method.

“We’re all about convenience,” Foss said. “It didn’t cost much to install tablets to accept bitcoin payments. It doesn’t cost anything to go without pennies.”

Bitcoin, the world’s premier digital alternative currency, “has helped a lot of people think about money in a new way. As the first-mover and with the largest network of users and merchants, Bitcoin offers a different method and an entirely different means of payment,” he says.

Mission Market is a convenience store in downtown Fullerton which offers grab ʻn go foods and other convenience and grocery products.

Sonya Belova