Coinstar machines will start selling Bitcoin at the grocery store

TechCrunch | 1/17/2019 | Staff
fufu-fefefufu-fefe (Posted by) Level 4
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You know those machines at the grocery store that transform your gallon jugs worth of change into more usable currency? They’re about to start selling Bitcoin .

To make this impulse shopping dream come true, Coinstar, the company behind those ubiquitous change-counting kiosks, has partnered with Coinme, a startup that operates a small network of cryptocurrency-dispensing ATMs around the country.

Coinstar - Ways - Value - Consumers - Kiosks

“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,” Coinstar CEO Jim Gaherity said in the announcement, first reported by GeekWire.

With 20,000 machines around the world, Coinstar operates a pretty huge network that could be enabled to dispense digital currency. As the company’s announcement states, there are “thousands in the U.S. market that can be enabled to accept Bitcoin transactions” though we’d guess it won’t hit those numbers for a while.

Coinme - Currency - ATMs - States - Locations

Coinme has digital currency ATMs in 11 states, including multiple locations in Texas, Washington and California, among others. While it’s not initially clear exactly how many machines will become Bitcoin-ready, Coinme’s site also states that the partnership will result in “thousands of places to...
(Excerpt) Read more at: TechCrunch
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