Supermarket Kiosk Chain Coinstar is extending its services in 19 US states. Recently, the firm determined to provide services to more than 2,000 locations in the United States.
The main purpose of these services is to attract more investors in the market and assist interested users to buy the most popular digital asset.
To provides these services to more people, Coinstar teams up with blockchain company Coinme which enables individuals to convert cash into Bitcoin (BTC). The details about the latest expansion were released by Coinme before few hours. The firm decided to expand its services from around 70 machines to around 2,000 in the whole country.
According to the press release, users will have access to buy Bitcoin via Kiosks present in Albertsons and Safeway stores. Also, customers can buy cryptocurrency from Jewel, Shaw’s and Save Mart locations as these locations consist of Coinstar machines.
Just after the initial announcement, Customers have given very positive feedback about the services available. Coinstar also stated that the customers can buy Bitcoin in exchange of U.S. dollar bills. Presently, the official limit for purchasing Bitcoin is $2,500.
The press release also states that the firm saw a 15 percent gain in user acquisition every week. Even though the Crypto world is getting out of the bear market, the first quarter of 2019 was "one of the most successful in Coinme's five-year history."
In this quarter, the firm saw a 92% increase in the transaction volume and a 109% increase in the total number of transactions processed, when compared with the first quarter of 2018.
Jim Gaherty, who is the CEO of Coinstar said,
“We are incredibly pleased with this collaboration with Coinme and are eager to continue expanding to new markets in the coming months.”
Currently, there are around 2924 Bitcoin ATMs available solely in the United States. Hence, it holds the highest number of Bitcoin ATMs worldwide. After the US, Canada consists of 684 ATMs and Austria consists of 275 Bitcoin ATMs.