Coinme Empowers Coinstar kiosk for Bitcoin Buying!

Coinme has partnered with Coinstar to launch a service that offers consumers the ability to buy Bitcoin at Coinstar kiosks. The maker of kiosks then turn their loose change into spending money without having to sort, roll, and take it to the bank.
As a part of partnership select, Coinstar kiosks will start offering service to buy Bitcoin at Coinstar kiosks at Safeway and Albertsons stores in California, Texas, and Washington. Coinme plans to extend this offering to additional U.S. markets and retailers following a successful launch.

Founded in 2014 a Seattle based startup, Coinme was the first state-licensed Bitcoin ATM company in the US. It now handles millions of dollars (USD) in transactions each month. According to announcement, Coinme is deploying a global crypto ATM network and also offers a vertically-integrated digital wallet and Private-Client services for individuals and institutions.

Executive Opinion

Coinme Cofounder, and CEO, Neil Bergquist, 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.”

Coinstar CEO, Jim Gaherity, said, “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."

How it Works?

Coinstar owns and operates over 20,000 fully automated self-service coin-counting kiosks in nine countries. This could allow Coinme to reach thousands of Kiosks in the U.S. market that can be enabled to accept Bitcoin transactions.

Users in the United States will have an option to buy bitcoin to an amount up to $2500 using US paper money. In exchange, Coinstar Kiosk will provide redemption code that can be redeemed at Coinme website. There is only one option of  U.S. cash for the bitcoin purchase, and coins cannot be used for Bitcoin transactions.

To find a kiosk location, visit www.coinme.com/kiosks