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.

Discuss this news on our Telegram Community. Subscribe to us on Google news and do follow us on Twitter @Blockmanity

Did you like the news you just read? Please leave a feedback to help us serve you better

Disclaimer: Blockmanity is a news portal and does not provide any financial advice. Blockmanity's role is to inform the cryptocurrency and blockchain community about what's going on in this space. Please do your own due diligence before making any investment. Blockmanity won't be responsible for any loss of funds.