On Jan. 17, financial services company Coinme announced that people visiting select Safeway and Albertsons stores in California, Texas, and Washington can now purchase bitcoin core (BTC) through Coinstar kiosks. Coinstar devices are fully automated self-service coin-counting machines and now thousands located in the U.S. market could be equipped to handle cryptocurrency transactions.
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Loose Change and Cryptocurrency
On Thursday, Coinme revealed that people can now purchase BTC through the coin-counting Coinstar kiosks located in three states. Coinstar machines housed in Albertsons stores and Safeway marts in Texas, California, and Washington can be used to buy up to $2,500 worth of BTC. After inserting fiat into the machine, users receive a voucher with a BTC redemption code that can be redeemed at Coinme’s website. Buyers are obliged to review and accept the Coinstar kiosk’s transaction terms and enter a phone number as well.
Coinstar has 20,000 machines located around the world and if the initial launch is successful, the two companies plan to extend the service to additional U.S. markets and retailers.
“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,” said Coinstar CEO Jim Gaherity on Thursday.
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