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Coinme Adds More Cryptocurrencies to Coinstar Kiosks Across US

Coinme Adds More Cryptocurrencies to Coinstar Kiosks Across US

by BitDegree
September 1, 2022
in Global
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Customers can now purchase 7 different cryptocurrencies through kiosks in grocery stores.

Coinme, a US licensed cryptocurrency exchange established in 2014 by Neil Bergquist and Michael Smyers, is adding six more cryptocurrencies to be supported on Coinme-enabled Coinstar kiosks. 

According to the press release shared on August 24th, the customers can now purchase Stellar Lumens (XLM), Ethereum (ETH), Polygon (MATIC), Chainlink (LINK), Litecoin (LTC), and Dogecoin (DOGE), together with previously enabled Bitcoin (BTC).

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CEO and co-founder of Coinme Neil Bergquist noted that by introducing new cryptocurrencies, the company aims to provide a fast, comfortable, and accessible way for customers to use and buy their crypto. 

“People are attracted to different coins for different reasons, whether that’s a store of value or a medium of exchange. Our position is to provide safe and secure access to digital currencies, and our customers can use them how they like to use them in a safe environment,” said Bergquist. 

Coinme-enabled Coinstar kiosks are a unique way for US citizens to buy crypto in cash. The kiosks are located in grocery stores in around 10,000 locations nationwide. After purchasing crypto in the kiosk, customers can then sell, send or transfer their crypto to Coinme or any wallet in the world. 

CEO of Coinstar Jim Gaherity, speaking about newly added cryptocurrencies, noted:

Customers have asked us to make other coins available besides Bitcoin on Coinme-enabled Coinstar kiosks. We want to make it easy for anyone, regardless of their familiarity with crypto, to get started with digital currencies with cash in their local grocery stores.

Coinme kiosks can be found in 49 out of 50 states in the United States. The company is currently trying to receive a license to operate in New York. 

Aaron S. - Expert Reviewer

by Aaron S. – Expert Reviewer, BitDegree


This article was originally published in Bitdegree and can be viewed here:

https://www.bitdegree.org/crypto/news/coinme-adds-more-cryptocurrencies-to-coinstar-kiosks-across-us

Tags: Bitdegree
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