Live
- Risk of Middle East escalation
- 50 families quit YSRCP, join TDP
- Nara Bhuvaneshwari to File Nomination Papers on Behalf of TDP Chief Chandrababu in Kuppam
- Tamil Nadu BJP Chief Announces End Of Dravidian Politics, Foresees BJP Surge
- YS Jagan's Memanta Siddham Bus Yatra begins in Rajapuram, to enter Kakinada by evening
- Not just promises, look for capacity to deliver them
- Sujana Chowdary files papers for Vijayawada West
- Unlocking the Potential of FASTag: Enhancing Parking Solutions with RFID Technology
- TDP-BJP-JSP leaders file Lokesh’s nomination
- Hyderabad: Opposition indulging in divisive politics says BJP MP Laxman
Coinstar to sell Bitcoins through vending machines at grocery stores
Coinstar, the company behind changecounting kiosks, has partnered with Coinme, a startup that operates cryptocurrencydispensing ATMs in the US, to sell Bitcoin at places such as grocery stores
Coinstar, the company behind change-counting kiosks, has partnered with Coinme, a startup that operates cryptocurrency-dispensing ATMs in the US, to sell Bitcoin at places such as grocery stores.
Coinstar operates a huge network that could be enabled to dispense the digital currency. A consumer will be able to easily purchase Bitcoin with cash, TechCrunch reported.
This is how the system will work. Once you insert your paper money into one of these Bitcoin-dispensing kiosks, it will dispense a voucher for a Bitcoin redemption code that will point you to Coinme. There is a limit of USD 2500 and one needs to link a phone number to the transaction.
While there are some vendors accepting Bitcoin transactions, the controversial digital currency is still far from being widely embraced.
