Over 2,000 US Grocery Stores, Including Albertsons and Safeway, Open Bitcoin-Buying Service via Coinstar Machines
The kiosk chain Coinstar is expanding its services for interested users in 19 states in the US. This time, the company decided to provide Bitcoin-buying services in over 2,000 locations around the United States.
This is expected to increase the number of investors in the market and help interested users to purchase the most popular digital asset.
Coinstar Expands To Over 2,000 Stores
In order to start offering these services, Coinstar partnered with the blockchain firm Coinme which allows individuals to convert cash into Bitcoin (BTC). The information about this expansion in the US market was released by Coinme a few hours ago. The firm was able to expand its offering from 70 machines to over 2,000 all over the country.
As per the press release, users will now have access to purchasing Bitcoin through kiosks located in Albertsons and Safeway stores. Moreover, Jewel, Shaw’s and Save Mart locations will also include Coinstar machines for users to purchase the digital asset.
After the initial announcement, customers provided very positive feedback about the services available. Coinstar has also mentioned that customers can purchase Bitcoin using U.S. dollar bills. At the same time, the current limit for purchasing Bitcoin is $2,500.
The press release informs that the company saw a 15 percent increase in user acquisition on a week-over-week basis. Although the crypto space is just leaving a bear market behind, the first quarter of 2019 was “one of the most successful in Coinme’s five-year history.” The CEO of Coinstar, Jim Gaherty, explained about it:
“We are incredibly pleased with this collaboration with Coinme and are eager to continue expanding to new markets in the coming months.”
The United States has 2924 Bitcoin ATMs installed, the largest number of ATMs in a single country all over the world. The US is followed by Canada with 684 devices and Austria with 275 Bitcoin ATMs.