You can now buy crypto at your local grocery store

January 18, 2019
Chris Wheal

Scrounging for change in the corners and crevices in couch cushions can now get you cryptocurrency at your local grocery store using Coinstar.

Coinstar has teamed up with Coinme, a crypto ATM chain, for allowing Coinstar users the option to turn their loose change into Bitcoin.

As of now, the only locations where Bitcoin in grocery stores is available are three states: California, Texas and Washington, where you can buy crypto at any Safeways and Albertsons.

The cap of the amount of bitcoin that can be purchased at one kiosk is $2,500. Once the Coinstar user purchases Bitcoin using the kiosk, the user will be sent a code which can then be used on Coinme’s website for redemption. Such an easy availability of cryptocurrency at a grocery store may become a stepping stone for the true mainstream adoption of cryptocurrencies, experts say.

This partnership came at a cost: Coinme received an unknown investment from Coinstar.  The crypto ATM chain, Coinme, was launched in 2014 and has more than 54 ATMs around the world.

In 2018, Coinstar announced they updated their kiosks and now offer a variety of new features, including Amazon Cash. Additionally, you can also pay your bills through Coinstar.

Post written by Chris Wheal
Chris Wheal is editor of OpenLedger's news and features service. An award-wining business journalists himself, he runs a team of freelance journalists from across the UK and north America.

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