Coinstar And Coinme Expand Bitcoin Buying Service To 21 US States

Announcements, News | May 24, 2019 By:

Coinstar, the operator of self-service coin-counting kiosks, and blockchain company Coinme have expanded their bitcoin buying service to more than 2,200 locations in 21 US states.

Coinstar owns and operates the largest fully automated, multi-national network of self-service coin-counting kiosks. With nearly 20,000 kiosk locations, Coinstar provides coin-counting services at mass merchants, grocery and drug stores, and financial institutions. Consumer solutions include coin-to-cash, coin-to-eGift card, and charity donation options.

Coinme, which became the first licensed bitcoin kiosk company in the United States in 2014, is dedicated to helping the world gain access to digital currency. The company’s vertically-integrated network of bitcoin ATMs, digital wallet, and private client services provide customers an easy, secure and efficient medium-of-exchange and store-of-value.

The two companies, which first entered into a partnership in January 2019, now offer the ability to buy bitcoin with cash at more than 2,200 locations in 21 states across the US, including major markets such as Boston, Chicago, Dallas-Fort Worth, Houston, Los Angeles, Philadelphia, San Diego, Seattle and Washington DC. The self-service coin-counting kiosks are located inside select grocery stores or retailers such as Albertsons, Jewel, Safeway, Shaw’s or Save Mart, among others.

“Bitcoin and other digital currencies offer unique benefits to consumers — including the potential for more cost-effective and faster remittances to family and friends,” said Neil Bergquist, Coinme cofounder, and CEO. “We’re thrilled to team up with Coinstar to make bitcoin more accessible to consumers than ever before and offer a key component for the new digital currency economy.”

“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.”