On January 17th, it became known that Coinstar’s ATM network, made up of 20,000 money exchange machines installed around the world, announced that thousands of them could be available in the United States to facilitate the purchase of bitcoins in exchange for cash.
This is because Coinme, a Bitcoin ATM company that claims to be complying with money transmission and anti-money laundering rules in the United States since they launched their first Bitcoin ATM in Seattle in 2014, partnered with Coinstar, the international company of kiosks converting coins to banknotes, gift cards, movie rentals and more.
According to the Coinstar press release, which does not specify the exact number of machines that will be available for the purchase of bitcoins, users require a telephone number and cash (allow up to the amount of US $ 2,500) to buy bitcoins. at the self-service kiosks of Coinstar. In return, users will receive a coupon that contains a code to redeem the cryptocurrencies.
The Coinstar kiosks will not work to make exchanges directly in the Bitcoin network. In principle they will work in some Safeway stores. Some Albertsons stores in Texas, Washington and California will also enable the option. Subsequently stores in the States of Louisiana, Kansas, Colorado, Illinois, Utah, Arizona will join the network of stores that use the service.
Both Coinstar CEO Jim Gaherity and Coinme CEO Neil Bergquist highlighted the ease that this option represents for consumers. “Bitcoin is now accessible in its local supermarket through the Coinstar kiosks, and this offer will further facilitate the participation of consumers in this new and dynamic economy,” said Coinme’s CEO and co-founder; while Gaherity noted the following:
“Coinstar is always looking for new ways to offer value to our consumers when they visit our kiosks, and Coinme’s innovative delivery mechanism, together with Coinstar’s flexible platform, makes it possible for consumers to easily buy Bitcoin with cash.”
Jim Gaherity, CEO of Coinstar.