2,000 More US Grocery Stores Enable Bitcoin Buying at Coinstar Machines
Supermarket kiosk chain Coinstar is increasing the reach of its bitcoin-buying service to more than 2, 000 locations in 19 different states. You can now convert coins to bitcoin at more than 2,000 Coinstar kiosks in 19 different states.
The service, via a collaboration with blockchain startup Coinme that offers individuals the capability to transform money into bitcoin, has actually expanded from an initial 70 ATM machines to some 2, 100 different kiosks, Coinme unveiled its plans Wednesday. Additionally, while the partnership originally made it possible for kiosks in Albertsons and also Safeway stores, customers can currently access the buying option in Jewel, Shaw's as well as Save Mart locations, according to a news release.
Jim Gaherity, Coinstar CEO said in a statement that his company saw an “extremely positive”
reaction to the preliminary statement in January 2019. At the time, Coinstar announced that consumers can buy bitcoin utilizing U.S. dollars, actual coins would not be approved for such purchases. The firm imposed a $2,500 limit.
Wednesday's news release explained that the partnership's first launch saw a 15 percent week-over-week increase in user purchase, the release acknowledged.
Moreover, the very first quarter of 2019 “has been one of the most successful in Coinme’s five-year history, ” with 92 percent development in transaction quantity as well as 109 percent development in the number of purchases refined, contrasted to the initial quarter of 2018.
Coinstar and Coinme: a Match Made in Bitcoin Heaven
“We are incredibly pleased with this collaboration with Coinme and are eager to continue expanding to new markets in the coming months, ” Gaherity added.
In January of 2019, Coinstar owns and also operates over 20,000 totally automated self-service coin-counting stands in 9 countries, with thousands in the UNITED STATES market that can be allowed to accept Bitcoin transactions.
How To Buy Bitcoin At A Coinstar ATM
There are just four simple steps to purchase Bitcoin at a Coinstar kiosk, powered by Coinme:
- Find the location of your nearest Coinstar kiosk, touch “Buy Bitcoin,” review and accept the transaction terms, and enter your phone number.
- Insert U.S. paper money into the cash acceptor (any amount up to $2,500). Coins are not accepted.
- Receive a voucher with a Bitcoin redemption code.
- Visit coinme.com/redeem to create a Coinme account or sign in to your existing account to claim your Bitcoin.
Only U.S. cash is accepted for purchase, and coins cannot be used for Bitcoin transactions.
To find a kiosk location, visit coinme.com/kiosks or coinstar.com.
Coinme is a venture-backed blockchain financial solutions business that is committed to helping the world get access to digital money. Four years back, Coinme became the first state-licensed Bitcoin ATM MACHINE operator in the UNITED STATES and also now processes millions of dollars (USD) every month. The firm's vertically-integrated network of crypto Atm machines, digital wallet, and also private-client solutions provide clients the chance to join this financial transformation. Coinme also offers an incentives program via its exclusive energy token, UpToken, which can be bought on Bittrex as well as Upbit under the ticker “UP”.
About Coinstar, LLC
Headquartered in Bellevue, Washington, Coinstar owns and operates the largest fully automated, multi-national network of self-service coin counting kiosks. With now well over 20,000 kiosk locations, Coinstar provides convenient and reliable coin-counting services at mass merchants, grocery and drug stores and financial institutions. Consumer solutions include coin-to-cash, coin-to-eGift card and charity donation options. For kiosk locations and information, visit coinstar.com.