On January 17, Coinme, a manufacturer of Bitcoin ATM announced its partnership with Coinstar, an operator of self-service coin-counting kiosks. Their collaboration has led to the distribution of Coinme’s ATM’s at Coinstar’s Kiosks which enables the purchase of Bitcoin from local grocery stores in the U.S.
People Living in the U.S. to Buy Bitcoin at Local Grocery Stores
As per the report, people living in the U.S can purchase Bitcoin from grocery stores. These are kiosks that are owned by Coinstar, and reportedly, there are over 20,000 of such stores in nine countries. The U.S. alone is said to house thousands of it, and they have the potential of becoming a stand for trading this virtual currency.
Coinme, on the other hand, is reportedly the first state-licensed Bitcoin ATM company in the U.S. This is a Blockchain financial services firm who says its aim, is to help people around the world to gain easy access to cryptocurrencies. Thus, this is made possible with the wide distribution of its hardware.
Based on reports, a person who intends to buy Bitcoin from these Kiosks will only have to follow four simple steps. Some of these include selecting the ‘Buy Bitcoin‘ option, reviewing and accepting the terms of the transaction, and then entering one’s phone number. The next step is to insert the U.S. dollars (not over $2,500) into the machine and then redeem the coupon code that will be delivered on Coinme’s website.
Coinstar and Coinme Comment on Recent Progress
Both companies have commented on their progress, and according to Jim Gaherity, Coinstar’s CEO, more ways are usually sought to offer more value to their customers. Therefore, Coinme’s innovation coupled with their flexible platform gives its customers the ease of purchasing Bitcoin with fiat currency.
In the words of Neil Bergquist, Coinme Cofounder, and CEO, Coinstar customers will now have an easy and convenient way of buying the digital asset. Moreover, being able to purchase Bitcoin at local grocery stores makes it a part of the customer’s daily routine.
More Bitcoin ATMs Around the World
This development is not the first of its kind because there are several Bitcoin ATMs in the U.S. and the world at large. BTCNN reported an instance of this on January 10, which reveals that there are over 4000 Bitcoin ATMs based on Coinatmradar.com’s data. Besides, a majority of these machines are located in the US, Europe, and Latin America.
On January 9, BTCNN also informed that Tobacco stores in France are now trading the digital asset. All that is required is to pay for Bitcoin at Tabacs and then redeem it on a website. This can be attributed to the effort of Kerplek, a French Fintech group which consulted with a cash-register software provider to make POS terminals available in these stores.