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The first licensed Bitcoin kiosk company Coinme just took things up a notch by making Bitcoin readily available for cash purchase across 21 states in the United States. The venture-backed blockchain FinTech company, which boasts the largest Bitcoin kiosk network on the planet, took to their blog section on Wednesday, May 22 to announce the exciting news.
The blog post states that the company (in an ongoing and expanding collaboration with Coinstar) has made it possible for consumers to buy Bitcoin along with other groceries. As affirmed in the blog post, Coinme has made available over 2,200 Bitcoin kiosks across 21 states in the United States. Coinme’s Bitcoin ATMs will be distributed in popular stores and retailers such as Jewel, Save Mart, Albertsons, Safeway, etc. Consumers can now walk into any of the partner shops and buy Bitcoin like other groceries.
All you’ve got to do is to visit a partner shop and click on Buy Bitcoin option on the Coinstar kiosk. Then, review and accept the transaction terms and enter your phone number to initiate the transaction. After which, you get to insert the amount of Bitcoin you wish to buy in USD into the cash acceptor. Upon completion, you will receive a voucher with a Bitcoin redemption code which is required to redeem your digital coins.
The last phase of the purchase is to visit the official website and redeem your Bitcoin. To do this, you will have to create an account with Coinme, if you do not have an account yet. For those who already own a Coinme account, you can continue by signing in to your existing account. Once signed in, you are required to enter your redemption code to claim your Bitcoin. And you’re done!
Expressing his excitement over the new leap, the CEO and co-founder of Coinme, Neil Bergquist, stated that they are thrilled to team up with Coinstar to make Bitcoin more accessible to consumers than ever before. He explained that this is a key component of the new digital currency economy.
Building on that, Jim Gaherity, CEO Coinstar, added that the response so far has been extremely positive. They have witnessed an overwhelming demand by both consumers and retail partners and are eager to continue expanding to new markets in the coming months.
Consumers are allowed to make up to $2,500 purchase at a time. Also, this service is open to consumers in the 21 states listed only. These states include Los Angeles, Philadelphia, Houston, Dallas-Forth Worth, Chicago, San Diego, Washington D.C, Boston, etc.