Coinme adds six cryptos to offering available on Coinstar kiosks

Rick Steves

“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.

Read this next

Digital Assets

LMAX Digital onboards Bryan Christian and Cassandra Cox to lead sales

Institutional cryptocurrency exchange LMAX Digital continues to undergo a series of changes in its top ranks as it continues to build its presence globally. Two industry veterans, Bryan Christian and Cassandra Cox, have joined the group as its newest sales directors in Europe and USA.

Digital Assets

Cake DeFi introduces Ethereum Staking with 5% returns

Cake DeFi, a Singapore-based DeFi platform, is launching its Ethereum (ETH) staking service for retail and institutional customers.

Retail FX

FX trading rebounds 405pct at Saxo Bank in September

In a volatile market driven by Russia-Ukraine headlines, FX trading volumes through Saxo Bank have rebounded strongly in September to the highest level in three months.

Retail FX

CMC Markets’ stock climbs as H1 revenue to climb +20%

CMC Markets PLC (LSE:CMCX) shares spiked 5.6 percent to 235p in Thursday’s trading after the firm’s trading update for the first half of its fiscal year 2023 revealed results at the high end of company projections.

Retail FX

Interactive Brokers doubles client accounts to 2 million in 24 months

Electronic brokerage firm Interactive Brokers LLC (NASDAQ:IBKR) said its trading volumes took a slight step back in September, an indication that investor confidence is still fairly mixed over the past few months.

Digital Assets

DeFiChain tokenizes Walmart, Unilever, US Oil and Gas Funds

Bitcoin-based DeFi platform DeFiChain is opening up the opportunity for its users to trade crypto versions of Walmart, Unilever, US Oil Fund, and US Gas Fund.

Industry News

The B2Broker B2Core REST API Is Now Live

B2Broker has announced the release of its new REST API, which lets customers use B2Broker’s solutions and services for business purposes.

Executive Moves

CME Group taps Paul Woolman to lead Equity Index, Giovanni Vicioso to lead Crypto

“Our equity and cryptocurrency businesses have experienced tremendous growth in recent years, underpinned by strong customer adoption and continued innovation.”

Technology

Sumsub launches document-free KYC for users in India, Brazil, Nigeria and Indonesia

Sumsub has launched one click-KYC for users in India, Brazil, Nigeria and Indonesia in a move that allows businesses to instantly onboard over 2 billion users without requesting their ID documents.

<