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Bitcoin ATM Maker Coinme and Coin-to-Cash Kiosk Maker Coinstar Bring Bitcoin to Shopping Malls of US

January 21, 2019 12:49

US-based Bitcoin ATM manufacturer Coinme has partnered with Coinstar to offer Bitcoin redemption vouchers from Coinstar kiosks across 3 different states of America. The vouchers may be redeemed for BTC from Coinme’s website.

Coinstar kiosk in United States
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The mainstream adoption of cryptocurrencies is rising slowly but steadily. The government may be trying to crack down on them in India, but in other countries a number of measures are being taken to make them as mainstream as possible. For instance, we’ve seen how newspaper selling points in Australia turned into the points of purchasing cryptocurrencies, and now something similar is happening in US too. A Bitcoin ATM manufacturer based in the country has partnered with the makers of popular coin-to-cash conversion machines to offer Bitcoin in major malls and stores across United States.

The Bitcoin ATM maker we’re talking about is Coinme, and the coin-to-cash conversion machines maker to partner with it is Coinstar. The partnership will allow US residents of Washington, California, and Texas to buy Bitcoins from Coinstar kiosks in their local malls and stores. These self-service kiosks can be found in a majority of Safeway marts and Albertsons stores in these 3 states. When users enter fiat into these machines they’ll be provided a Bitcoin redemption voucher by the kiosk, which can be redeemed for BTC on Coinme’s website. Buyers are required to accept Coinstar’s terms of use, and to enter a valid phone number.

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Coinme CEO Neil Bergquist said about the partnership in a press release:

“We’re excited to team up with Coinstar to give consumers a convenient and easy way to buy bitcoin during the course of their daily routines. Bitcoin is now accessible at your local grocery store via Coinstar kiosks, and this offering will make it even easier for consumers to participate in this dynamic new economy.”

Coinstar CEO Jim Gaherity also said that they’re happy to team up with Coinme as their company always keeps looking for new ways to offer value to the consumers. The US-based Bitcoin fans also seem to have liked the combination as pictures of people collecting Bitcoin vouchers from Coinstar kiosks have started doing the rounds of internet. Now it will be interesting to see how successful this experiment remains and how Coinme further boosts adoption of cryptocurrencies in US.

Technology and business were my core interests, so it wasn't surprising that I got interested in cryptocurrencies, which operate at the intersection of both these things. Now I live my passion by trading cryptocurrencies and covering Cryptocurrency news. You can connect with me on Facebook to learn more about me. :)

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