Crypto is about to become more of a household name than ever before after it was revealed that people will soon be able to buy Bitcoin at certain grocery stores in the US.
A partnership between Bitcoin ATM Company, Coinme, and coins to cash converter, Coinstar, will make it possible to purchase Bitcoin through Coinstar Kiosks.
Immediately after the launch, only customers visiting certain Albertsons and Safeway stores in Texas, Washington, and California will be able to purchase Bitcoin through the kiosks. There is a plan to extend this offering to additional markets and retailers in the future though according to a press release.
Coinme cofounder and CEO Neil Bergquist lauded the partnership and stated that it would provide consumers with an easy and convenient way to buy Bitcoin while going through their daily lives. He added that the partnership would enable consumers to participate in this dynamic new economy.
Coinstar CEO Jim Gaherity in a separate statement highlighted the ease in which consumers will be able to buy Bitcoin, saying:
“Coinstar is always looking for new ways to offer value to our consumers when they visit our kiosks, and Coinme’s innovative delivery mechanism along with Coinstar’s flexible platform makes it possible for consumers to easily purchase Bitcoin with cash.”
Coinstar kiosks are usually used in the conversion of coins to cash, Bitcoin will not work like that though. According to the Thursday press release, the kiosks will only accept dollar bills with a limit of $2500 for Bitcoin.
To purchase some Bitcoins, users will have to key in their phone numbers to the kiosk and insert their paper bills. They will then receive a code which they will use to redeem Bitcoin by creating a Coinme account online.