Coinme, a venture-backed blockchain financial services company, has just recently launched a service that offers consumers the ability to buy Bitcoin at Coinstar® kiosks. The Kiosks can be found at select Safeway and Albertsons stores in California, Texas and Washington. Coinme also has plans to extend this offering to additional U.S. markets and retailers if the launch turns out to be successful. These new points represent the most convenient way to buy cryptocurrency with cash, due to easy accessibility.
“We’re excited to team up with Coinstar to give consumers a convenient and easy way to buy Bitcoin during the course of their daily routines,” said Neil Bergquist, Coinme Cofounder, and CEO. “Bitcoin is now accessible at your local grocery store via Coinstar kiosks, and this offering will make it even easier for consumers to participate in this dynamic new economy.”
Founded in 2014, Coinme was the first state-licensed Bitcoin ATM company in the U.S. and now handles millions of dollars (USD) in transactions each month. The company is deploying a global crypto ATM network and also offers a vertically-integrated digital wallet and Private-Client services for individuals and institutions.
“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,” commented Jim Gaherity, Coinstar CEO.
Coinstar owns and operates over 20,000 fully automated self-service coin-counting kiosks in nine countries, with thousands in the U.S. market that can be enabled to accept Bitcoin transactions.
There are just four simple steps to purchase Bitcoin at a Coinstar kiosk, powered by Coinme:
- Go to a select 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).
Receive a voucher with a Bitcoin redemption code.
- Visit www.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 www.coinme.com/kiosks or www.coinstar.com.
- Coinstar to Give Consumers a Convenient and Easy Way to Buy Bitcoin at Coinstar®Kiosks – January 18, 2019
- Tech Firm IBM and MineHub Join to Build Blockchain-Based Platform for More Efficient Metals & Mining Supply Chain Solution – January 17, 2019
- Former Director of Mobile for TripAdvisor and Viator Joins KeyoCoin Team to Help Build Intuitive Mobile Booking Platform – January 10, 2019
- Project PAI Blockchain Protocol and Blockfolio Signal Beta, Create Platform for AI-Powered 3D Avatars – December 17, 2018
- Nigerian Start-up Announces Revolutionary Global Decentralized Health Platform With A Distributed Blockchain – December 15, 2018
- CEO of Panxora Warns: ‘Draconian’ Regulatory Measures Could Risk Losing Control of Crypto in US – December 13, 2018
- Lancor Scientific Links Use of a Digital Token to Global Blockchain-based Cancer Screening Registry – December 13, 2018
- 4-part Documentary series about the Technology Behind Cryptocurrency Premieres online – December 10, 2018
- Local Community in Belgium wants to Unite all Positive Forces with Province-wide LumbU coin – December 9, 2018
- Filmio about to Take Filmmaking into the Future with Tokenized Entertainment Ecosystem – December 7, 2018
- December Cryptocurrency Predictions Report is Cautiously Positive, while some Coins Continue to drop, Others are Expected to Recover – December 6, 2018
- “Blockchain for Europe” Launched by Leading Global Blockchain Companies – December 4, 2018
- G20 leaders call for taxation system of cryptocurrency – December 3, 2018
- Grand Finale Week of Block.one’s EOS Global Hackathon Kicks Off in Cape Town, set to award US$500,000 to winning team – December 3, 2018
- UTRUST announces Partnership with Payrexx to Change European Crypto-Payment Landscape to User Friendly Platform – November 29, 2018
- SportsFix to launch 150,000 Crypto Wallets with ProximaX – November 27, 2018
- London Block Exchange and AlphaPoint Mined First Digital Pound Sterling Ever – November 27, 2018
- Swytch announces Launch of Secure AI-Powered Renewable Energy Platform on Blockchain – November 26, 2018
- All Star Team Announces WHIRL, a Socially Driven ‘Pay it Forward’ Crowdfunding Platform Built on the Blockchain – November 22, 2018
- A Review of this weeks Market Collapse, this was one of the Most Dramatic Daily Selloffs in The Entire Year. – November 21, 2018
View All Articles