Coinstar to enable Bitcoin buying at 2000 more stores across the US
Coinstar, the supermarket Kiosks in North America, is expanding its Bitcoin buying operations across America. The company plans to enable Bitcoin buying at over 2000 stores in 19 states, including key markets such as Boston, Chicago, the District of Columbia and Philadelphia.
Coinstart started the service back in January across 70 stores. Coinstar kiosks allow people to convert dollar bills into Bitcoins. There is a limit of $2,500. The service was started in partnership with the blockchain startup, Coinme.
Initially, the service was available at Albertsons and Safeway store only. But according to a press release by Coinme, customers can now access the buying option in Jewel, Save Mart, and Shaw’s store.
“The response to being able to purchase bitcoin at Coinstar kiosks has been extremely positive with overwhelming demand by both consumers and new retailer partners,” said Jim Gaherity, Coinstar CEO. “We are incredibly pleased with this collaboration with Coinme and are eager to continue expanding to new markets in the coming months.”
Coinstar reports that they saw a saw 15 percent week over week user acquisition growth for their Bitcoin purchasing option. In addition, Coinme also saw a 38 percent growth in user acquisition, 92 percent gains in transactions volume, and 109 percent growth in transactions processed compared to Q1 2018.
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