Coinstar to sell Bitcoins through vending machines at grocery stores

ANI
Published Jan 18, 2019, 5:06 pm IST
Updated Jan 18, 2019, 5:06 pm IST
Coinstar operates a huge network that could be enabled to dispense the digital currency.
A consumer will be able to easily purchase Bitcoin with cash,
 A consumer will be able to easily purchase Bitcoin with cash,

Coinstar, the company behind change-counting kiosks, has partnered with Coinme, a startup that operates cryptocurrency-dispensing ATMs in the US, to sell Bitcoin at places such as grocery stores.

Coinstar operates a huge network that could be enabled to dispense the digital currency. A consumer will be able to easily purchase Bitcoin with cash, TechCrunch reported.

 

This is how the system will work. Once you insert your paper money into one of these Bitcoin-dispensing kiosks, it will dispense a voucher for a Bitcoin redemption code that will point you to Coinme. There is a limit of USD 2500 and one needs to link a phone number to the transaction.

While there are some vendors accepting Bitcoin transactions, the controversial digital currency is still far from being widely embraced.

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