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-Cryptocurrency continues its rise in popularity within the financial world. More everyday Americans are joining the fray.
Coinme and other companies are making cryptocurrency more accessible. The company has announced an expanded partnership with Coinstar, the global leader in self-service coin counting, to launch more than 350 bitcoin-enabled Coinstar® kiosks in North Carolina and Connecticut. This expansion allows the companies to bring bitcoin to retail locations including Food Lion in North Carolina, Harris Teeter in Connecticut, and Big Y World Class Markets, in Connecticut. This launch brings the total number of Coinstar-enabled Coinstar kiosks in America to over 6,000.
“We’re excited to launch hundreds of new bitcoin-enabled Coinstar kiosks in Connecticut and North Carolina,”Neil Bergquist, CEO at Coinme.
“Simple, trusted and accessible cash-to-bitcoin onramps help hard-working Americans, including the 24% that are unbanked, gain access to bitcoin, which has proven to be an increasingly beneficial store of value.”
For a variety reasons, cryptocurrency is being adopted by more consumers.
According to a Coinstar survey, 53% use cryptocurrency for investment purposes, while 37% of users use it to safeguard their money.
People who lack access to traditional banks and other assets can use cryptocurrency as a financial alternative. This allows them to purchase a small amount of bitcoin (known as a Satoshi) and increase their financial independence via the digital currency revolution.
“More Americans are coming to see the value of bitcoin, and we see this reflected in the continued popularity of Coinme’s bitcoin offering on our kiosks,”Jim Gaherity is the CEO of Coinstar.
“Through our partnership, we offer an easy-to-use avenue to purchase bitcoin on select Coinstar kiosks via Coinme.”
Users only need a valid phone number, a driver’s license, state I.D, and cash in U.S. Dollars to get started.
Four steps are all it takes to convert cash into bitcoin at a Coinme enabled Coinstar kiosk
- First, create a new account.
- Find a kiosk close to you.
- Third, enter your cash (bills are not accepted) into the kiosk.
- Fourth, redeem bitcoin right there
Coinme bitcoin-enabled Coinstar Kiosks offer many advantages over ATMs. They are safe and compliant with the latest regulatory compliance. You can also access bitcoin immediately in the Coinme Wallet.
Visit coinme.com to get more information and find a Coinme enabled Coinstar kiosk near your location.
