Those who are interested in everything crypto will soon be able to purchase the leading cryptocurrency, Bitcoin whilst they go food shopping.
As announced by the firm behind the Bitcoin ATMs, Coinme they will soon be partnering with Coins-to-cash converter Coinstar to allow Bitcoin purchases through Coinstar kiosks in several states in the United States.
As reported by CoinDesk, at its launch, the coins-to-cash converter machine will only be available at certain Safeway or Albertsons stores in California, Texas and Washington state for purchasing Bitcoin through the kiosks. However, there are still plans to “extend this offering to additional U.S. markets and retailers following a successful launch.”
The co-founder and CEO of Coinme, Neil Bergquist has said that the new partnership would provide consumers with a “convenient and easy way to buy bitcoin” whilst going about their daily lives.
The CEO added that In turn, this should make it a lot easier for consumers to “participate in this dynamic new economy.”
In a different statement, Jim Gaherity (CEO of Coinstar) made a similar note which referred the anticipation ease consumers with which should be able to buy Bitcoin with. Gaherity said, “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.”
Despite the Coinstar kiosks being mainly known for converting coins (the metal kind) into cash, Amazon gift cards or other equivalent balances, the press release on published earlier in the week confirms that at the moment real coins “cannot be used for bitcoin transactions.”
In fact, the Coinstar kiosks will only be able to accept US dollar bills and will have a limit of $2,500 (not even worth one BTC at the time of writing). In order to buy the leading cryptocurrency, users will have to input their phone number to the kiosk and insert their cash. After they do this, they will then receive a code in which a customer would be able to use a redeem Bitcoin by creating a Coinme account online.
Bitcoin ATMs are ever growing in popularity with over 4,000 currently spread through the US. we can only hope that this will spark more mainstream.
What are your thoughts? Let us know what you think down below in the comments!