News

Bitcoin to be Purchased From Local Grocery Stores in the U.S.

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.

Related posts
BitcoinBitcoin NewsbtcusdBTCUSDCBTCUSDTETFNewsxbtusd

Bitcoin May Never Go Below $50k Once An ETF Is Approved, Declares On-Chain Analyst

Bitcoin may never drop below $50k asserts on-chain analyst Ki-Young Ju. But as usual, there are conditions that follow this possibility. In a tweet, Ju analyzed that Bitcoin could follow the same path that gold took in 2004 when the first…
BitcoinBitcoin NewsbtcusdBTCUSDCBTCUSDTNewsxbtusd

Quarterback Star Tom Brady Breaks Internet After Showing Interest In Bitcoin

Tom Brady, the American athlete who is widely regarded as the “greatest” quarterback in NFL history is the latest celebrity to show interest in the world’s most valued cryptocurrency Bitcoin. Brady who has a massive Twitter following of 1.9 million…
BitcoinBitcoin NewsbtcusdBTCUSDCBTCUSDTNewsxbtusd

Almost $200 Billion Worth Of Bitcoin Is Currently At Risk – Report Warns

A recently published 2021 crypto report by Opimas LLC, a finance-based management consultancy firm, has revealed that approximately 3,480,000 out of the world’s mined 18.5 million Bitcoin, stands vulnerable to attacks as a result of improper safekeeping. The 36-page report…