Coinstar Expands Its Coinme Bitcoin Kiosk Fleet to 5,000

Coinme-powered bitcoin kiosks have sold 650% more bitcoins this year than in 2019.

AccessTimeIconDec 14, 2020 at 5:40 p.m. UTC
Updated Aug 19, 2021 at 6:06 a.m. UTC

Presented By Icon

Election 2024 coverage presented by

Stand with crypto

Supermarket kiosk company Coinstar has added Coinme bitcoin kiosk 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.

  • Bitcoin Mining in the U.S. Will Become 'a Lot More Decentralized': Core Scientific CEO
    13:18
    Bitcoin Mining in the U.S. Will Become 'a Lot More Decentralized': Core Scientific CEO
  • Binance to Discontinue Its Nigerian Naira Services After Government Scrutiny
    05:10
    Binance to Discontinue Its Nigerian Naira Services After Government Scrutiny
  • The first video of the year 2024
    04:07
    The first video of the year 2024
  • The last regression video of the year 3.67.0
    40:07
    The last regression video of the year 3.67.0
  • "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 sandbox 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.

    The fast-growing kiosk network has allowed Coinme transaction volume to soar; bitcoin sales are up 650% year over year. Bergquist predicts yet higher numbers as more states give Coinme the go-ahead to launch operations.

    Disclosure

    Please note that our privacy policy, terms of use, cookies, and do not sell my personal information have been updated.

    CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. CoinDesk has adopted a set of principles aimed at ensuring the integrity, editorial independence and freedom from bias of its publications. CoinDesk is part of the Bullish group, which owns and invests in digital asset businesses and digital assets. CoinDesk employees, including journalists, may receive Bullish group equity-based compensation. Bullish was incubated by technology investor Block.one.


    Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.