Coinstar Expands Its Coinme Bitcoin ATM

Coinstar Expands Its Coinme Bitcoin ATM Fleet to 5,000

Supermarket kiosk company Coinstar has added Coinme bitcoin ATM functionality to 5,000 change-sorting machines across the U.S.

The service is now available in nearly 25% of Coinstar’s total kiosk fleet and in 40 U.S. states, according to figures provided by Neil Bergquist, chief executive of Coinme. Coinstar change-counting machines are located in supermarkets, gas stations and convenience stores around the country.

“There is a Coinstar kiosk located within five miles of 90% of the American population,” he told CoinDesk. “So the collective opportunity here is to be able to give the majority of the U.S. population access to digital currencies.”

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Over the last year in particular Coinme has made in-roads in some of the farthest-flung U.S. locales. It was admitted to Hawaii’s digital currency sandbox in August along with 11 other cryptocurrency exchanges. Bergquist said Coinme is the only participant to offer cash-to-crypto services.

Also in the recent Coinme/Coinstar expansion: Georgia, Nevada, New Mexico, Ohio, Oregon, Maryland, West Virginia, Delaware and Rhode Island. Bergquist said locations have grown 65% since March.

See also: Coinstar Plans Massive Expansion of Coinme Bitcoin ATMs as Usage Spikes 40%

The fast-growing kiosk network has allowed Coinme transaction volume to soar; bitcoin (BTC, +0.01%) sales are up 650% year over year. Bergquist predicts yet higher numbers as more states give Coinme the go-ahead to launch operations.

Source; Full article here

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