A U.S. BTC ATM company has teamed up with international coin counter Coinstar to offer BTC purchasing facilities in “thousands” of new locations.
More BTC For Cash
Washington-based Coinme, which has operated BTC ATMs since 2014, confirmed the deal via a January 17.
The exact extent of the rollout remains undisclosed, but executives referenced “thousands” of U.S. locations currently served by Coinstar, which allows consumers to count loose change. Coinstar itself lists 20,000 ‘kiosks.’
“We’re excited to team up with Coinstar to give consumers a convenient and easy way to buy BTC during the course of their daily routines,” Neil Bergquist, Coinme’s cofounder and CEO commented.
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.
Implementations are already live, with users evidence of using the BTC feature on social media.
The machines allow buying up to $2,500 in BTC with a few steps. Namely:
- Go to a select Coinstar kiosk, touch “Buy BTC,” 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 BTC redemption code.
- Visit to create a Coinme account or sign in to your existing account to claim your BTC.
Lamassu Quits US
If BTC becomes available at all 20,000 locations, the partnership would increase the US’ total BTC ATM numbers almost five times over.
According to data from monitoring resource , the US currently has 2488 machines in operation, constituting just under 60 percent of the global total.
Coinstar CEO Jim Gaherity said the company “is always looking for new ways to offer value to our consumers when they visit our kiosks.”
Worldwide, BTC ATMs as an industry should become worth almost $145 million within five years, a study in September 2018 claimed.
This month, mirroring the problems faced by businesses throughout the cryptosphere, BTC ATM manufacturer Lamassu to Switzerland, citing the unfavorable regulatory climate in other jurisdictions.
As Bitcoinist reported, Switzerland has deliberately forged a supportive landscape for the sector, with banks similarly keen to their integration with cryptocurrency. The country currently has 46 BTC ATMs alongside ticket machines at every train station that also sell bitcoin $BTC BTC.
What do you think about Coinme’s partnership with Coinstar? Let us know in the comments below!
Images courtesy of Shutterstock, coinstar.com
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Published at Fri, 18 Jan 2019 11:00:57 +0000
