Cryptocurrency News

Instant Cash Access to Bitcoin Arrives in Vermont

Instant Cash Access to Bitcoin Arrives in Vermont
Coinme Launches 23 Coinme-Enabled Coinstar Kiosks Across the State in Select Grocery Stores, including Shaw’s, Hannaford Supermarkets and Tops Friendly Markets

Coinme, a leading cryptocurrency cash exchange in the US, announced entry into Vermont with the launch of 23 bitcoin-enabled Coinstar kiosks located at select Shaw’s, Hannaford Supermarkets and Tops Friendly Markets grocery stores, giving Vermonters simple, instant and trusted access to bitcoin with cash in their local neighborhoods. This expansion brings the Coinme-enabled Coinstar kiosk network to over 9,500 locations across 49 states and provides far-reaching access to digital currency with cash.

“‘Freedom and Unity’ is the official motto of Vermont and a perfect embodiment of why bitcoin was established,” said Neil Bergquist, CEO of Coinme. “Cash access to cryptocurrencies offers an opportunity for financial freedom to those that would not otherwise have it. Trusted and easy-to-use onramps like the ones Coinme provides are critical for the widespread adoption of digital currencies.”

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Coinme introduced the first state-licensed bitcoin ATM in the United States in 2014. Now, the company crypto-enables legacy financial institutions to offer the sale of cryptocurrencies to customers in an efficient, inexpensive and regulatory-compliant manner. Consumers can easily get started with bitcoin safely and instantly, with convenient access at thousands of trusted locations, including their local grocery store.

“With Coinme, we are providing a vital bridge for people to participate in the digital economy,” said Jim Gaherity, CEO of Coinstar. “We’re excited to continue our partnership and build upon our existing footprint to bitcoin-enable even more Coinstar kiosks across the country.”

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How to Buy Bitcoin at Coinstar Kiosks

Coinstar kiosks allow customers to purchase bitcoin easily, and the transaction is done in four simple steps. The only things required are a valid mobile phone number, a driver’s license or state I.D. card and cash in U.S. dollars.

  1. Create a Coinme account

  2. Find a Coinstar kiosk near you

  3. Insert cash into kiosk (coins not accepted for bitcoin transactions)

  4. Redeem and receive bitcoin instantly

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