Coinme launches service enabling consumers to buy bitcoin with cash at Coinstar kiosks

These new access points represent an easy and convenient way to buy bitcoin with cash...

Coinme, a venture-backed blockchain financial services company, today launched a service that offers consumers the ability to buy bitcoin at Coinstar kiosks at select Safeway and Albertsons stores in California, Texas, and Washington with plans to extend this offering to additional U.S. markets and retailers following a successful launch.

Founded in 2014, Coinme was the first state-licensed bitcoin ATM company in the U.S. and now handles millions of dollars (USD) in transactions each month. The company is deploying a global crypto ATM network and also offers a vertically-integrated digital wallet and private-client services for individuals and institutions.

[perfectpullquote align=”full” bordertop=”false” cite=”Neil Bergquist, Coinme Cofounder, and CEO” link=”” color=”” class=”” size=””]“We’re excited to team up with Coinstar to give consumers a convenient and easy way to buy btcoin 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.”[/perfectpullquote]

Coinstar owns and operates over 20,000 fully automated self-service coin-counting kiosks in nine countries, with thousands in the U.S. market that can be enabled to accept bitcoin transactions.

[perfectpullquote align=”full” bordertop=”false” cite=”Jim Gaherity, Coinstar CEO” link=”” color=”” class=”” size=””]“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.”[/perfectpullquote]

There are just four simple steps to purchase bitcoin at a Coinstar kiosk, powered by Coinme:

  1. Go to a select Coinstar kiosk, touch the “Buy Bitcoin” button, review and accept the transaction terms, and enter your phone number.
  2. Insert U.S. paper money into the cash acceptor (any amount up to $2,500).
  3. Receive a voucher with a bitcoin redemption code.
  4. Visit www.coinme.com/redeem to create a Coinme account or sign in to your existing account to claim your bitcoin.

Only U.S. cash is accepted for purchase, and coins cannot be used for bitcoin transactions.

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