Coinme partners with Coinstar to install Bitcoin kiosks in shopping centers

Several grocery stores in the United States have teamed up with the Crypto company Coinstar to give shoppers the opportunity to buy Bitcoins. This has been made possible by a partnership between the coins-to-cash converter Coinstar, and a Bitcoin company known as Coinme.

As explained in a recent statement, both Companies have established that only customers at certain Safeway and Albertsons stores through California, Texas, and Washington state will be able to purchase bitcoin through their kiosks. However, they envision to expend all over the United States after a successful launch.

In a separate press release, Coinme cofounder and CEO Neil Bergquist expressed his gratitude for the newly found partner and believes that this partnership will provide clients with “a convenient and easy way to buy bitcoin”.

Similarly, Coinstar CEO Jim Gaherity commented on the much-anticipated usefulness and ease their products will provide for Bitcoin enthusiasts, by adding, “Coinstar is always looking for new ways to offer value to our consumers when they visit our kiosks, and Coinme’s innovative delivery mechanism along with Coinstar’s flexible platform makes it possible for consumers to easily purchase Bitcoin with cash.”

When launched, Coinstar kiosks will accept any U.S. dollar bill, with a $2500 limit. Furthermore, for identification purposes, the buyers will have to give their phone numbers before inserting any cash. Once the purchase is made, customers will receive a code through which their crypto coins are redeemable after the creation of Coinme account.

All over the globe, small and big retailers alike seem to have caught on with the Bitcoin craze. Primarily, shops from France, Canada, and the United States have made big strides to implement this technology into their business model as they see a huge marketing potential in the Bitcoin community.  

 

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Henry-Claude Madiba

Renewable energy engineer in training. I am only interested in two things, blockchain technology and contributing to making the world a livable place for the next generations.

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