Coinstar is collaborating with Coinme to offer interested shoppers a readily accessible way to purchase Bitcoin while making grocery runs.
Coinstar owns and operates the largest fully automated, multi-national network of self-service coin counting kiosks with nearly 20,000 kiosks in nine countries, with thousands in the U.S. market that can be enabled to accept Bitcoin transactions. Coinme is a venture-backed blockchain financial services company focused on providing access to virtual currency.
To purchase Bitcoin, a customer will feed in paper money, up to $2,500, to a Coinstar kiosk to receive a voucher with a Bitcoin redemption code that can be claimed through the Coinme platform. For now, only US paper money is accepted, according to the companies.
“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,” said Coinstar CEO Jim Gaherity during the announcement.