Industry leading Bitcoin ATM and Digital Currency Machine (DCM) Operator Coin Cloud announced a partnership with Cardenas Markets, one of the largest Hispanic grocery chains in the country.
Latest Fintech News: Small Business Platform Autobooks Announces $50Million Series C Led by Macquarie Capital Principal Finance
Operating 59 stores in three states, including California, Arizona and Nevada, Cardenas Markets’ customers will have access to Coin Cloud’s DCMs to buy and sell Bitcoin, Ethereum and over 40 other digital currencies with cash.
“Providing the most authentic offerings and freshest products, Cardenas Markets’ stores now offer the capabilities to buy and sell digital currencies with cash beginning right here in our home of Las Vegas,” said Chris McAlary, CEO of Coin Cloud. “Recognized as one of the largest grocery chains in the country serving the Hispanic community, we are delighted to deliver digital currency to their customers, which includes me as a loyal shopper of Cardenas.”
A recent survey found Hispanic U.S. adults have adopted cryptocurrency at a rate exceeding the general adult population. According to Morning Consult, an explanation is the Hispanic community is turning to digital currencies for payments rather than for investments.
Latest Fintech News: Citi, J.P. Morgan and AccessFintech Achieve Operational Efficiencies Through Data and Workflow Collaboration
“We are pleased to offer cryptocurrency capabilities to our customers through Coin Cloud’s network of DCMs,” said Prabash Coswatte, Chief Operating Officer for Cardenas Markets. “Through this unique offering we continue to deliver on our commitment to meeting our customers evolving needs, especially in today’s digital world,” Coswatte added.
Coin Cloud DCMs offer Bitcoin (BTC) and over 40 other digital currency options, like Bitcoin Cash (BCH), Litecoin (LTC), Dogecoin (DOGE), Shiba Inu Coin (SHIB), Ethereum (ETH), and a range of stablecoins and DeFi tokens. New coins added recently include Cardano (ADA), Nano (NANO), SushiSwap (SUSHI), Algorand (ALGO), Polygon (MATIC), OMG Network (OMG), and ApeCoin (APE).
Latest Fintech News: Qorus and Accenture 2022 Banking Innovation Awards Now Open for Applications
[To share your insights with us, please write to sghosh@martechseries.com]
