Copy link
Increase text size
Decrease text size
Link copied

Coinstar extends bitcoin buying service to 21 US states

Thu, 23 May 2019, 12:10 pm UTC

Coinstar, the operator of self-service coin-counting kiosks, has expanded its bitcoin buying service to more than 2,200 locations in 21 states and the District of Columbia.

In collaboration with blockchain startup Coinme, Coinstar is allowing users at these locations to buy bitcoin with cash. Coinme said that this represents “the easiest and most convenient” way to buy the digital currency with cash.

Coinstar owns and operates more than 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.

Users just need to visit a kiosk located inside select grocery stores or retailers. The kiosks allow users to buy bitcoin using U.S. paper money, for any amount up to $2,500.

“The response to being able to purchase Bitcoin at Coinstar kiosks has been extremely positive with overwhelming demand by both consumers and new retailer partners,” said Jim Gaherity, Coinstar CEO. “We are incredibly pleased with this collaboration with Coinme and are eager to continue expanding to new markets in the coming months.”

According to the official release, the bitcoin purchasing service is now available in 21 states across the U.S., including major markets such as Boston, Chicago, Dallas-Fort Worth, Houston, Los Angeles, Philadelphia, San Diego, Seattle and Washington D.C.

The companies first entered into a partnership in January 2019, CoinDesk reported. Through this collaboration, they enabled bitcoin purchases at Safeway or Albertsons stores in California, Texas and Washington states and later added support for Jewel, Shaw’s, Save Mart and more.

“We’re thrilled to team up with Coinstar to make Bitcoin more accessible to consumers than ever before and offer a key component for the new digital currency economy,” said Neil Bergquist, Coinme cofounder, and CEO.

<Copyright © TokenPost. All Rights Reserved. >

To leave a comment, please sign in.
More
  • Bitcoin (BTC) $9,232.16 (-0.38%)
  • Ethereum (ETH) $239.56 (-0.84%)
  • XRP (XRP) $0.224600 (+0.84%)
  • Bitcoin Cash (BCH) $231.45 (-2.12%)
  • Bitcoin SV (BSV) $181.16 (-2.12%)
  • Bitcoin (BTC) $9,232.16 (-0.38%)
Feb 21, 2020 (Friday)
12:01
Paxos launches blockchain-based securities settlement solution with Credit Suisse and Instinet
12:00
Brazil to launch new payment system in response to cryptocurrencies
11:59
Digital currency exchange Coinbase Pro lists Kyber Network token
11:57
Norwegian Air to soon start accepting crypto payments
10:21
Swedish central bank begins CBDC pilot with Accenture
09:51
Italian soccer team Juventus launches ethereum-based digital collectibles with Sorare
Feb 20, 2020 (Thursday)
14:16
Telecom companies complete cross-carrier mobile payments using blockchain
11:53
National Stock Exchange of Australia to develop DLT-based digital securities trading platform
11:00
South Korean ICO project discontinued, to return $7.5M to token holders
10:36
Samsung maintains crypto support in soon-to-launch Galaxy S20
09:41
BIS appoints Innovation Hub heads to lead Singapore and Switzerland
09:15
Coinbase becomes first crypto company to receive Visa principal membership
08:59
Dubai Economy and six banks launch KYC Blockchain Consortium
08:26
Crypto Technicals: ETH/USD under downside pressure after 'Bearish Engulfing' pattern
07:12
Tim Draper buys $1M worth of Aragon Tokens to create digital courts for DAOs
06:13
Renewable energy firm Acciona commits to take CBI’s blockchain-based carbon credits trading platform global
05:02
Crypto Technicals: BTC/USD trades below 21-EMA, break below 4H 200 MA (9386) to trigger further downside
04:56
Crypto exchange Coinfloor to launch a simplified bitcoin buying service
04:35
Indonesia’s customs department joins IBM- Maersk blockchain shipping platform “TradeLens”
Feb 19, 2020 (Wednesday)
12:46
Crypto custodian BitGo acquires digital securities startup Harbor
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.
PUBLISHsoft