The America based coin-cashing machine maker, Coinstar, is now ready to offer bitcoin on the coin-counting kiosks at various grocery stores for easy cryptocurrency purchases. Yes! The company has partnered with the Seattle based Bitcoin ATM producers, Coinme, in order to enable people to buy Bitcoins at the grocery stores.
Coinme is the first licensed Bitcoin ATM operator in the US, having a number of crypto ATMs in the parts of the 11 states, and Coinstar, too, operates a network of thousands of kiosks in the states. People usually use those kiosks to convert their change into bills or gift cards for easy shopping. But now with the same machines, people will also be able to buy Bitcoins.
Coinstar CEO Jim 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.”
Last year, Coinstar had joined its hands with Seattle based startup doxo, enabling people to pay bills at the Coinstar kiosks. The company also added the Amazon Cash deposit capability to it.
Coinstar will charge a particular fee, to its users for every purchase. They will be able to purchase bitcoin worth $2,500 and will also get vouchers on transactions through the machine. They can easily redeem the vouchers at the official website of Coinme.
Although the charges the Bitcoin ATM machines put on every transaction is too high, but people still find it more convenient. And expectations are that they won’t mind paying the hefty charges on buying Bitcoins through the Coinstar’s kiosks, due to the convenience it is going to provide. For now, the machine will only have the support for purchasing the Bitcoin over cash. In future, it may have the options for credit cards and digital money, too.
Initially, the company will have its cash-counting-cum-Bitcoin machines installed at a few selected stores of Safeway and Albertson, in California, Texas, and Washington. Coinme has also added in their announcement on their website that in future, their partnership with Coinstar will result in thousands of places to buy Bitcoin.
Yashica is a Software Engineer turned Content Writer, who loves to write on social causes and expertise in writing technical stuff. She loves to watch movies and explore new places. She believes that you need to live once before you die. So experimenting with her life and career choices, she is trying to live her life to the fullest.