According to an experiment conducted by Covanta Holding Corporation, turns out that Americans throw away about $62 million dollars a year worth of spare pocket change and usually the coins get thrown away accidentally. The recycling and waste management company Covanta’s analysis is what made Coinstar start selling Bitcoin for pocket change so we read more about their idea in today’s bitcoin news.
Despite the fact that a pocket full of change is basically worth nothing these days, it’s no wonder why Americans aren’t careful with literally throwing away their change. You can’t really by anything with a dime so people end up saving them in a jar or simply getting rid of them and this is a clear sign of the global economic inflation.
Coinstar decided that it will be a good idea to make people be more careful with their change. This is how they came up with the idea to build a machine which can convert the change into bitcoin.
This is great news for all those who keep their change and this is also why Coinstar built their coin counting kiosk business which led them to partner with Coinme ATM Company.
The idea of trying to save something not going to waste is the same idea that got eBay on the market, from selling inventories sitting in people’s garages to one of the largest online markets in the world. Uber as well used the unused private vehicles and turned them into money machines for their owners.
So, at the end it won’t just be the $62 million of pocket change that gets thrown away but also all of the jars filled up at the homes of people will now have a purpose.
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