Saturday, May 30, 2020

Over 2,000 Grocery Stores in the U.S Enable Bitcoin Buying at Coinstar Kiosks

In a blog post on April 24, Coinme, a blockchain financial technology company announced the launch of more kiosks where Bitcoin can be bought in over 2,100 locations in the U.S. The latter was made possible through its collaboration with Coinstar, a company that operates self-service coin-counting kiosks. According to Coinstar, the launch of more kiosks is in a bid to meet the high demand by retailers and consumers.

Coinme and Coinstar Collaborate to Prove More Kiosks

Per the blog post, Coinme and Coinstar have once again collaborated and this time around, the duo have launched kiosks where Bitcoin can be purchased in over 2,100 locations in the U.S. Before this time, the kiosks could only be found in 70 locations such as Albertsons and Safeway locations across California, Texas, and Washington.

Coinme further outlined that the “15 percent week over week user acquisition growth” which was recorded after the launch in these areas brought about the need to cover more regions in the U.S. That being the case, it is expanding to over 19 states including the District of Columbia, Chicago Philadelphia, and Boston. It is also focusing on major metro markets such as Houston, Austin, San Diego, Los Angeles, and Seattle.

Coinme’s Rapid Growth Linked to its Leadership in Digital Currency

Neil Bergquist, CEO and co-founder of Coinme who made comments said the company’s rapid growth can be attributed to its leadership in virtual currency right from the early days of the industry. It can also be linked to its provision of local kiosks where Bitcoin can be purchased.

Bergquist also said:

Through our relentless focus on customer success and product innovation, we have become the trusted, safe and secure global standard for digital currency exchange.

An Extreme Demand from Customers and Retailers

On the other hand, Jim Gaherity, Coinstar’s CEO stated that there has been an extreme demand and positive response from both customers and retailers to being able to purchase Bitcoin at Coinstar Kiosks. The company is also pleased to have partnered with Coinme and is looking forward to expanding to new markets in the coming months.

Prior to this time, Coinme and Coinstar had announced their collaboration in January. Back then, Coinme enabled customers to buy Bitcoin at Coinstar kiosks in a bid to make Bitcoin a part of people’s daily routine. The recent announcement revealed that the first quarter of the year was one of the most successful for Coinme throughout its five-year existence.

Latest News

J.P. Morgan—Bitcoin’s ‘Biggest Enemy’—Suddenly Appears To Be Going All In On Crypto

J.P. Morgan's turbulent relationship with bitcoin appears to be rapidly softening... Read the full story on Forbes

$10 Million Burned on BitMEX Shorts as Bitcoin Surges to $9,700

Just hours after Ethereum rocketed higher, so too has Bitcoin. The leading cryptocurrency recently reached $9,750, the highest price BTC has traded at in over...