Coinstar, a kiosk manufacturer, enables people to convert their loose change to gift cards or even cash. The company has partnered with Coinme, a crypto ATM startup, to let users buy bitcoin.

The companies, both based in Seattle, revealed that people can buy bitcoin at chosen Coinstar kiosks located in Albertsons and Safeway stores in Texas, Washington, and California.

The public can only buy bitcoin with cash — with a maximum limit of $2,500. Coinstar will give a code that can be claimed on the website of Coinme in exchange for cash.

“People are moving away from gambling on the future price of digital currency and instead are leveraging digital currencies for their inherent technological advantages thanks to blockchain technology,” (Bergquist)

The companies did not specify exactly how many of the 20,000 Coinstar kiosks would accommodate bitcoin purchases.

Do you think other states, and eventually other countries, would follow this initiative? Let us know in the comment section below!

Source: https://www.geekwire.com/2019/can-now-buy-bitcoin-coinstar-kiosks/