Coinstar expands to more than 2,000 locations across the United States and the demand for bitcoin is also increasing. In the coming altcoin news below, we read more what this brings for the company.
Bitcoin is expected to surge in value since people enjoy using the simplicity of the kiosks that Coinstar has to offer and with the new expansion, this scenario seems very likely. In the past, people avoided bitcoin and other cryptocurrencies mainly because of how difficult it was for them to purchase and to find a decent crypto exchange or broker.
Now, however, the number of locations where people can buy cryptocurrency is also increasing. For example, In the United States, consumers can go into a grocery store and buy crypto but now they can go to the new 2,000 Coinstar kiosks that will be placed ad retailers such as Shaw’s, Save Mart, Albertsons, and Jewel.
The Coinstar service is now available in 21 states including some of the major markets such as Dallas, Fort Worth, Houston, Boston, Chicago, San Diego, Seattle, Washington D.C and Los Angeles. The Coinme technology is the technology behind the kiosk. Coinme is a venture-backed blockchain financial technology company which a couple of years ago became the first licensed Bitcoin ATM broker company.
Currently, Coinme operates with the largest Bitcoin kiosk in the world after Coinstar expands, from 70 to 2,000 locations. As a result, there are now more than 3,000 Bitcoin ATMs all over the US.
The Coinstar CEO Jim Gaherty stated as reported in the best cryptocurrency news sites that the demand for crypto is about to go up:
“The response to being able to purchase BTC at Coinstar kiosks has been extremely positive with overwhelming demand by both consumers and new retailer partners. We are incredibly pleased with this collaboration with Coinme and are eager to continue expanding to new markets in the coming months.’’
By expanding the number of locations to buy cryptocurrency is a good step for the near future of the altcoins. Coinstar will, however, need some improvement in terms of speed, privacy and cost in order to provide a perfect experience for the new bitcoin buyers. In the meantime, the sale of bitcoin is also increasing all around the world but also in the United States as well.
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Stefan has been writing articles for DCForecasts since 2016 in-house full time. As one of our main cryptocurrency writers, he focuses on covering the latest cryptocurrency news, technical charts, price analyses of coins and press releases. When he is not exploring and covering the latest topics in crypto, you can find Stefan playing basketball, tennis or cycling.
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