Bitcoin ATM Coinme, in partnership with the Coinstar coin converter, developed a project for selling Bitcoin in regular grocery supermarkets, as reported by the CoinDesk news agency.
Representatives of the project reported on the innovation on Thursday, January 17th. As it became known, the function of buying cryptocurrencies spread to Safeway and Albertsons stores in California, Texas and Washington. According to the report, if the new strategy is successful, then the sale of Bitcoin "will increase geographically in other states."
Neil Bergquist, co-founder and CEO of Coinme, said: "(...) Our new partnership will provide consumers with a convenient and easy way to buy Bitcoin in everyday life (...) This, in turn, will make it easier for consumers to actively participate in this dynamic economy and help them adapt to modern financial instruments."
In a separate statement, Coinstar CEO Jim Gaherity also reported on the simplicity of the Bitcoin buying algorithm.
"Coinstar is always looking for new ways to offer something valuable and useful to our customers (...) During a visit to the partner network of supermarkets by consumers, Coinme’s innovative technologies along with Coinstar’s flexible platform will allow customers to easily buy Bitcoin for cash."
Supermarket bitcoin: how is it?
As you know, Coinstar kiosks are mainly known for converting crypto-coins into cash, Amazon gift cards, or other price-equivalent digital assets (valuables). The introduction of the affiliate program in the Safeway and Albertsons store chains, caused a lot of comments. Some of them are very pessimistic and negative, since now Bitcoin coins can be bought only for digital fiat.
The press release of the new project also meant that only those clients who provide a bank account with a limit of at least $ 2,500 can buy a cryptocurrency. Over time, after testing the purchase program, the developers intend to facilitate the purchase process. That is, if the project is successful, the purchase will be identical to the purchase of food. A certificate with a code for an online account and a real metal Bitcoin will testify to the ownership of the coins.
In the states of California, Texas and Washington will sell Bitcoin in supermarkets. In the test version of the program, in orderOrder
– automatic application to buy or sell cryptocurrency. Orders are used during trading on the stock exchange to open and close a position. Details to buy crypto-coins, users will have to enter their phone number in the kiosk (store) and provide a "paper" account. Then they will receive a code that can be used to work with cryptocurrencies through a Coinme online-account.
Editor: Alyona Nabok