Coinme Offers Ability To Buy Bitcoin At Coinstar Kiosks

Posted On: 1/22/2019

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BELLEVUE, WA -- Consumers can now purchase bitcoin at their local grocery stores thanks to a new partnership between Coinstar and Coinme.
 
Coinstar patrons at select machines simply touch “Buy Bitcoin,” review and accept the transaction terms, and enter their phone number. They then insert U.S. paper money into the cash acceptor (any amount up to $2,500) and receive a voucher with a Bitcoin redemption code. Only U.S. cash is accepted for purchase, and coins cannot be used for Bitcoin transactions.
 
Coinstar owns and operates more than 20,000 coin-counting kiosks in nine countries, with thousands in the U.S. market that can be enabled to accept Bitcoin transactions.
 
Founded in 2014, Coinme was the first state-licensed Bitcoin ATM company in the U.S. and is deploying a global crypto ATM network.
 
“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,” commented Coinstar chief executive Jim Gaherity.