US Bitcoin ATM (BTM) producer Coinme partnered up with Coinstar targeting sales of the crypto via coin counting kiosks.
“We’re excited to team up with Coinstar to give consumers a convenient and easy way to buy Bitcoin during the course of their daily routines,” said Coinme co-founder and CEO Neil Bergquist in a press release.
According to the released report, this service will initially be available only at some selling spots in California, Texas, and Washington. However, the company expressed intentions to expand its geography in the long run. There is no information about the number of machines that will feature bitcoin conversion service.
It is worth mentioning that the BTMs enable users to enjoy coin-to-cash conversions, but they cannot use coins for “Bitcoin transactions”.
In order to buy Bitcoins, a user must fill in a phone number and insert a certain amount of cash, then he will receive a code which can be used on the Coinme website to get Bitcoins.
The number of cryptocurrency kiosks keeps on increasing worldwide even though the market is declining. In particular, Coinstar reportedly runs now more than 20,000 fully automated self-service coin-counting kiosk in 9 countries.
For reference, Coinme launched back in 2014 was the first Bitcoin ATM company that got a state license for providing its services. By now the company has achieved a worldwide network of crypto ATMs. Along with bitcoin machines, it also offers a wallet solution and "Private-Client services for individuals and institutions."