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Shoppers Can Now Buy Bitcoin at US Supermarkets

By | January 19, 2019
Shoppers Can Now Buy Bitcoin at US Supermarkets

Bitcoin ATM company Coinme is partnering with coins-to-cash converter Coinstar, the first state-licensed Bitcoin ATM operator in the US to bring crypto supporters’ dream into life: buy Bitcoin in the supermarket. Now  grocery shoppers just need to hit the “Buy Bitcoin” button to purchase bitcoin through Coinstar kiosks in a number of U.S. states, the companies announced Thursday.

Neil Bergquist, Coinme co-founder and CEO says,

“Bitcoin is now accessible at your local grocery store via Coinstar kiosks, and this offering will make it even easier for consumers to participate in this dynamic new economy.”

At launch, customers at certain Safeway or Albertsons stores in California, Texas and Washington state will have access to the kiosks. According to the business news site The Balance, Albertsons is the second-largest supermarket chain in the world and the 10th largest retailer.

Here are the steps for shoppers to use the Bitcoin machine:

  1. Selecting “Buy Bitcoin” on the Coinstar’s touch screen
  2. Inserting US paper money into the cash acceptor for any amount up to $2,500
  3. Receiving a voucher with a Bitcoin redemption code
  4. Visiting “www.coinme.com/redeem” to either create a Coinme account or sign in to an existing account to redeem the voucher for Bitcoin

Talking about the impact of Bitcoin purchasing machine, Coinstar CEO Jim Gaherity added,

“Coinme’s innovative delivery mechanism along with Coinstar’s flexible platform makes it possible for consumers to easily purchase Bitcoin with cash.”

The partnership is having the potential to expand crypto’s reach into everyday stores, shops and malls, adding to the existing 4,187 crypto ATMs across 76 countries that are currently tracked by Coin ATM Radar.

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