The crypto enthusiasts will soon be able to dip their
The crypto enthusiasts will soon be able to dip their toes into Bitcoin at the grocery stores in the US.
Coinme, a Bitcoin ATM company, is partnering with coins-to-cash converter, Coinstar, to allow Bitcoin purchases via Coinstar kiosks in various US states, as announced by the companies on Thursday.
At the launch, only customers at specific Safeway or Albertsons stores in California, Washington and Texas state will be able to purchase Bitcoin via the kiosks.
A press release said,
“There are plans to extend this offering to additional US markets and retailers following a successful launch.”
The co-founder and CEO of Coinme, Neil Bergquist, said the new partnership would offer consumers an easy and convenient way to buy bitcoin while going about their daily lives.
In turn, this should make it easier for the customer to participate in the dynamic new economy.
Coinstar CEO Jim Gaherity, in a different statement, similarly highlighted the anticipated ease with which consumers should be able to purchase Bitcoin, stating –
“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.”
The Metal Kind of Coins Not Accepted
Although Coinstar kiosks are initially recognized for converting coins into cash, Amazon gift cards or other similar balances, yet Thursday’s press release noted that currently, “coins can’t be used for bitcoin transactions.”
The kiosks will only accept the US dollar bills to the limit of $2,500.
For the purpose of purchasing Bitcoin, users would need to input their phone numbers to the kiosk and then insert their paper bills.
Then, they would receive a code, that the customer would be able to use to redeem in the form of bitcoin by creating a Coinme account online.