Coinme and Coinstar team to let shoppers buy bitcoin at grocery stores


Milk, eggs, bread, and bitcoin?

Seattle-based cryptocurrency ATM maker Coinme has partnered with ubiquitous supermarket coin-counter Coinstar to make bitcoin available for purchase right at the grocery store, GeekWire reports.

Coinme's new partner has so far implemented the service in Safeway and Albertsons supermarkets in California, Washington, and Texas. The kiosks will enable the customers to purchase up to $2,500 worth of bitcoin, and only cash is accepted. At the end of the transaction, the system will provide them with a code which can be used on Coinme’s website to acquire the newly purchased bitcoin.

Despite what many are calling ‘the crypto winter,’ Coinme’s CEO and co-founder Neil Bergquist claims the startup’s ATM service is thriving. “Our customers are leveraging bitcoin as a medium of exchange for remittances, a diversified store of value for their portfolio, or simply as a gift for that ‘crypto-curious’ family member,” he said.

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