Instant cash access to bitcoin arrives in Vermont

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Instant cash access to bitcoin arrives in Vermont

Wed, 04/27/2022 - 11:17am -- tim

Coinme Launches 23 Coinme-Enabled Coinstar Kiosks Across the State in Select Grocery Stores, including Shaw’s, Hannaford Supermarkets and Tops Friendly Markets

Vermont Business Magazine Coinme, a leading cryptocurrency cash exchange in the US, today announced entry into Vermont with the launch of 23 bitcoin-enabled Coinstar kiosks located at select Shaw’s, Hannaford Supermarkets and Tops Friendly Markets grocery stores, giving Vermonters simple, instant and trusted access to bitcoin with cash in their local neighborhoods. This expansion brings the Coinme-enabled Coinstar kiosk network to over 9,500 locations across 49 states and provides far-reaching access to digital currency with cash.

“‘Freedom and Unity’ is the official motto of Vermont and a perfect embodiment of why bitcoin was established,” said Neil Bergquist, CEO of Coinme. “Cash access to cryptocurrencies offers an opportunity for financial freedom to those that would not otherwise have it. Trusted and easy-to-use onramps like the ones Coinme provides are critical for the widespread adoption of digital currencies.”

Coinme introduced the first state-licensed bitcoin ATM in the United States in 2014. Now, the company crypto-enables legacy financial institutions to offer the sale of cryptocurrencies to customers in an efficient, inexpensive and regulatory-compliant manner. Consumers can easily get started with bitcoin safely and instantly, with convenient access at thousands of trusted locations, including their local grocery store.

“With Coinme, we are providing a vital bridge for people to participate in the digital economy,” said Jim Gaherity, CEO of Coinstar. “We’re excited to continue our partnership and build upon our existing footprint to bitcoin-enable even more Coinstar kiosks across the country.”

How to Buy Bitcoin at Coinstar Kiosks

Coinstar kiosks allow customers to purchase bitcoin easily, and the transaction is done in four simple steps. The only things required are a valid mobile phone number, a driver’s license or state I.D. card and cash in U.S. dollars. 

  1. Create a Coinme account

  2. Find a Coinstar kiosk near you

  3. Insert cash into kiosk (coins not accepted for bitcoin transactions)

  4. Redeem and receive bitcoin instantly 

For a step-by-step demo of how to buy bitcoin at a Coinstar kiosk, users may visit  https://youtu.be/oxezZjFrPZU.

About Coinme, Inc.

Coinme® operates a leading licensed cryptocurrency cash exchange in the U.S., founded in 2014 with a mission to be the world’s most trusted gateway to digital currencies and a better financial future. Through partnerships with Coinstar and MoneyGram, Coinme enables thousands of physical locations in 49 states to facilitate the purchase and sale of bitcoin using cash. The company offers an enterprise-grade API helping to “crypto-enable” legacy financial systems and a vertically integrated suite of consumer products providing a simple, trusted, and affordable way to buy, sell, store and manage digital currencies. For more information, visit www.coinme.com.

About Coinstar, LLC

Coinstar® is the global leader in self-service coin counting with 24,000 kiosks in North America, Europe, and Japan. More than 800 billion coins have been processed since Coinstar’s inception in the early 1990s. In the United States, consumers can convert their change to cash, a no-fee eGift card, or donate to charity at supermarket, mass merchant, drug store, and financial institution kiosk locations. Expanded cash services at Coinstar kiosks include purchasing cryptocurrencies and adding money into digital accounts. For brand advertisers, Coinstar now offers adPlanet™, which enables lead generation on the interactive kiosk screen and a flexible digital advertising platform that sits atop Coinstar kiosks at select grocery locations. For more information on Coinstar or kiosk locations, visit www.coinstar.com.

SEATTLE - Apr. 26, 2022 - Coinme