Friday, January 18, 2019

Buy Bitcoin at Thousands of Stores at Coinstar Kiosks

A Bitcoin ATM company based in the US has announced a partnership with a major multi-national coin-counting company to enable users to buy Bitcoin (BTC) at thousands of kiosks in different stores. 

Buy Bitcoin at Your Local Grocery Store

Coinme – reportedly the first blockchain-oriented state-licensed Bitcoin ATM operator in the US has announced a partnership with the international coin-counting company Coinstar.

According to the official release, this will enable users to enable people to buy Bitcoin in a quick and convenient way while handling their regular, daily routines like shopping for groceries, for example.

This is thanks to the more than 20,000 fully automated self-service coin-counting kiosks which are spread in nine countries operated by Coinstar.

Speaking on the matter, Neil Bergquist, CEO at Coinme said:

We’re excited to team up with Coinstar to give consumers a convenient and easy way to buy Bitcoin during the course of their daily routines. […] 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.

The process is also fairly straightforward. According to the official release, there are four steps which need to be taken:

  1. Go to a select Coinstar kiosk, touch “Buy Bitcoin,” review and accept the transaction terms, and enter your phone number.
  2. Insert U.S. paper money into the cash acceptor (any amount up to $2,500).
  3. Receive a voucher with a Bitcoin redemption code.
  4. Visit to create a Coinme account or sign in to your existing account to claim your Bitcoin.

Increased Adoption

Coinme’s partnership is just another step toward increasing the widespread adoption of Bitcoin and other cryptocurrencies.

According to the Bitcoin ATM tracking website Coinatmradar, there are currently 4188 ATMs in 76 countries.

It’s also worth noting that since January 1st, people can also buy Bitcoin in thousands of French tobacco shops.

Do you think Bitcoin is seeing an increased adoption? Don’t hesitate to let us know in the comments below!

The post Buy Bitcoin at Thousands of Stores at Coinstar Kiosks appeared first on Live Bitcoin News.

Buy Bitcoin at Thousands of Stores at Coinstar Kiosks

Cryptocurrency is a digital currency that uses encryption (cryptography) to regulate the generation of currency and verify the transfer of funds, independently of a central bank. Cryptography is the practice and study of techniques for secure communication in the presence of third party adversaries.

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