Coinstar Expands Its Coinme Bitcoin ATM Fleet to 5,000

Coinstar Expands Its Coinme Bitcoin ATM Fleet to 5,000
Customers aren't just buying toilet paper at the supermarket.
(Danny Nelson)

Supermarket kiosk company Coinstar has added Coinme bitcoin ATM functionality to 5,000 change-sorting machines across the U.S.

The service is now available in nearly 25% of Coinstar’s total kiosk fleet and in 40 U.S. states, according to figures provided by Neil Bergquist, chief executive of Coinme. Coinstar change-counting machines are located in supermarkets, gas stations and convenience stores around the country.

“There is a Coinstar kiosk located within five miles of 90% of the American population,” he told CoinDesk. “So the collective opportunity here is to be able to give the majority of the U.S. population access to digital currencies.”

Over the last year in particular Coinme has made in-roads in some of the farthest-flung U.S. locales. It was admitted to Hawaii’s digital currency in August along with 11 other cryptocurrency exchanges. Bergquist said Coinme is the only participant to offer cash-to-crypto services.

Also in the recent Coinme/Coinstar expansion: Georgia, Nevada, New Mexico, Ohio, Oregon, Maryland, West Virginia, Delaware and Rhode Island. Bergquist said locations have grown 65% since March.

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