“Different coins serve different purposes, and we’re excited to continue serving our customers with a menu of coins representing approximately 70% of the total crypto market cap.”
Coinme has added cash onramps to another six cryptos: Chainlink, Dogecoin, Ethereum, Litecoin, Lumens and Polygon. The additional offering is available for purchase at Coinstar kiosks using cash.
Coinstar kiosks in the US are powered by Coinme and are now more than 10,000, making Coinme a leading national cash gateway to digital currencies.
Coinstar allows Coinme to reach 10,000 physical locations
Neil Bergquist, CEO and co-founder of Coinme, said: “Different coins serve different purposes, and we’re excited to continue serving our customers with a menu of coins representing approximately 70% of the total crypto market cap. Our partnership with Coinstar has allowed us to scale to 10,000 additional physical locations, providing instant cash onramps to crypto, which can be purchased and securely stored in the Coinme wallet or sent to nearly any wallet globally.”
Coinstar are an easy way to purchase crypto with cash as the kiosks are conveniently located at grocery stores nationwide.
Jim Gaherity, Chief Executive Officer of Coinstar, added: “Customers have asked us to make other coins available besides bitcoin on Coinme-enabled Coinstar kiosks. We want to make it easy for anyone, regardless of their familiarity with crypto, to get started with digital currencies with cash in their local grocery stores.”
Coinme offering available via Coinstar and MoneyGram
Founded in 2014, Coinme is a US licensed cryptocurrency cash exchange that powers thousands of Coinstar and MoneyGram locations in 49 states, offering the cash purchase of seven cryptocurrencies, including bitcoin, Chainlink, Dogecoin, Ethereum, Litecoin, Polygon and Stellar Lumens.
In April, Coinme announced its cash-to-bitcoin network grew by 185% year-over-year to over 21,000 locations nationwide, thus oupacing any bitcoin ATM network in the U.S.
Coinme has recently partnered with Circle to integrate USDC into Coinme’s global cash onramp and offramp ecosystem. The ability to cash in and out of USDC has been made available at thousands of Coinme-enabled locations in the U.S. and, soon, throughout Latin America.
According to the firm, this integration will offer 79 million Americans and 70% of Latin Americans who are unbanked or underbanked a new option to access a vital pathway into digital finance and financial inclusion.
Sending USDC via the Coinme App is free for peer-to-peer transactions and provides near-instant payments, but users can also cash out of USDC via cash pickup locations.