HomeBitcoin ATMsCoinme Is Establishing BTC Kiosks Throughout the Sunshine State

Coinme Is Establishing BTC Kiosks Throughout the Sunshine State


Related stories

BTC Can Hit $100,000 Soon and $150,000 If Trump Wins, Predicts Standard Chartered

Standard Chartered, the British financial institution, claims bitcoin can...

BTC Falls Below $70,000, Triggered by Massive Selloff

As the crypto community awaited BTC to push past...

Coinme – a bitcoin kiosk company operating in the United States – has just installed approximately 300 separate bitcoin cash machines throughout the region of Florida, thereby allowing people to trade bitcoin for cash and vice versa and potentially boost further purchases with cryptocurrency.

Coinme Is Building a Crypto Kiosk Community

The company is hoping to start out small. Most of the kiosks have been stationed in grocery outlets and similar establishments. This, executives hope, will prompt people to begin making occasional everyday purchases with bitcoin. Should you need to run to the store to buy milk, bread and eggs, you can do so with a little BTC rather than through cash or with a credit card.

Bitcoin ATMs and related machines are all the rage as of late, with many companies looking to install as many as possible. While demand for these machines is not necessarily in play, firms such as Coin Flip and Coin Cloud are using the present situation surrounding bitcoin’s price to their advantage. Thus, they are looking to install as many machines as they can given that the price of BTC has been exploding, and they are hoping that many people want to utilize bitcoin on a more regular basis.

Some of the latest businesses to host Coinme machines include Winn Dixie, Fresco y Mas and Harveys. They machines are powered through Coinstar, a kiosk that allows customers to transfer their loose coins into dollars. The firm has since been updated to permit bitcoin transactions. In a statement, Coinme co-founder and CEO Neil Bergquist explained:

Our team has been working with state regulators to launch Coinme on Coinstar kiosks throughout the state, and we are thrilled to secure a license to offer a cash onramp to purchasing bitcoin to the residents of Florida. Through our partnership, we are able to continue to expand into new areas to meet the ever-growing demand of accessible avenues to purchasing digital currencies.

At the time of writing, Coinstar machines can be found in approximately 6,000 outlets throughout 45 different states. It is also ironic that Coinme is looking to establish such a firm presence in Florida considering the mayor of Miami Francis Suarez says that he is looking to make his town a serious bitcoin haven for cryptocurrency lovers everywhere.

Among the many proposals he has suggested over the past few months including allowing city workers’ salaries to be paid in bitcoin and paving the way for blockchain companies to establish themselves in the state, thereby creating a crypto-based center of competition for California’s Silicon Valley.

Establishing BTC Payment Outlets

Speaking further on installing bitcoin machines in the state, Jim Gaherity – CEO of Coinstar – mentioned:

The current mainstream demand for bitcoin has attracted many first-time investors who need straightforward and secure access to cash avenues to purchase it.

Nick Marinoff
Nick Marinoffhttps://www.livebitcoinnews.com/
Nick Marinoff is currently a lead news writer and editor for Money & Tech, a San Francisco-based broadcasting station that reports on all things digital currency-related. He has also written for a number of other online and print publications including Black Impact Magazine, EKT Interactive, Seal Beach USA and Benzinga.com, to name a few. He has recently published his first e-book "Take a 'Loan' Off Your Shoulders: 14 Simple Tricks for Graduating Debt Free" now available on Amazon. He is excited about the potential digital currency offers, particularly its ability to finance unbanked populations and bring nations together financially.


- Never miss a story with notifications

- Gain full access to our premium content

- Browse free from up to 5 devices at once

Latest stories