Coinstar to sell Bitcoins through vending machines at grocery stores

Coinstar to sell Bitcoins through vending machines at grocery stores
Highlights

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.

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