Supermarket kiosk network Coinstar has further expanded its bitcoin-buying service, adding around 100 new outlets and growing U.S. coverage to 21 states and the District of Columbia.
The service, offered through a partnership with blockchain startup Coinme, now allows individuals to buy bitcoin with cash at over 2,200 locations, Coinme announced Wednesday.
As of last month, the service was available at around 2,100 locations in 19 states.
The service allows purchases using U.S. dollar bills, not coins, for any amount up to $2,500.
Coinstar CEO Jim Gaherity said that the service had received a positive response, seeing "Overwhelming" demand from both consumers and new retailer partners.
He added that Coinstar will continue expanding to new markets "In the coming months."
Coinstar first partnered with Coinme in January of this year, enabling bitcoin purchases at Safeway or Albertsons stores in California, Texas and Washington states at the time.
Last month, it added support for Jewel, Shaw's, Save Mart and more.
"Bitcoin and other digital currencies offer unique benefits to consumers - including the potential for more cost-effective and faster remittances to family and friends."
Overall, Coinstar said it now owns and operates over 20,000 fully automated self-service coin-counting kiosks in nine countries, with thousands in the U.S. that allow bitcoin purchases.
Coinstar Expands Bitcoin Buying Service to Cover 21 US States
gepubliceerd op May 23, 2019
by Coindesk | gepubliceerd op Coinage
Coinage
Vermeld in dit artikel
Recent nieuws
Alles zien
Blockchain Bites: Bitcoin's Run, Uniswap's Hemorrhaging Value, Anchorage's Banking Bid
Bitcoin is nearing all-time highs in price and market cap last set three years ago.
Japan's megabanks to lead experiment with digital yen
We have, in order, Cheese Bank with a $3.3 million theft, Akropolis with its $2 million loss, Value DeFi with a whopping $6 million exploit and finally Origin Protocol's loss of $7 million.
Number of new Bitcoin addresses spikes amid growing FOMO
Japan's three largest banks, as part of a group of 30 private sector actors, are set to collaborate on an experiment with a digital yen.
Not just Wall Street: Quant trader explains why Bitcoin price is going up
Sam Trabucco, a quantitative trader at Alameda Research, believes four general factors are pushing up the price of Bitcoin.