300 Bitcoin ATMs are coming to this crypto-friendly US state | CryptoSlate

CryptoSlate

Coinme, a cryptocurrency-to-cash exchange based in the US, entered Florida earlier this week with the launch of over 300 Bitcoin-enabled Coinstar kiosks. “For Floridians, the expansion makes buying Bitcoin with cash as simple as visiting their local grocery store,” the firm said.

The move comes on the back of favorable policies for Bitcoin in Florida in general, and Miami in particular. 

Bitcoin in Florida

As per CEO Neil Bergquist, the team was expanding into new areas to meet the ‘ever-growing demand’ of accessible venues to purchase cryptocurrencies.

How To Get Free Crypto  

“Our team has been working with state regulators in an effort 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,” Bergquist noted.

Coinme was founded in 2014 and operates nearly 6,000 physical locations to buy and sell Bitcoin using cash through a partnership with Coinstar, the American coin-cashing machine giant with nearly 20,000 locations in four countries.

A recent Coinstar-sponsored survey found that 23% of people who would purchase cryptocurrencies would do so from a Bitcoin ATM or kiosk. 

Additionally, nearly one in five respondents said they would prefer to buy cryptocurrency with cash, and over half advised they would purchase it as an investment.

Coinbase Banner  

Coinstar CEO Jim Gaherity said in the regard that mainstream demand for Bitcoin has attracted many first-time investors who need a straightforward and secure solution to access purchase the asset with cash.

Simple and accessible 

Purchasing Bitcoin at Coinstar kiosks via Coinme is aimed to be a simple and safe way to turn cash into BTC instantly. Unlike traditional ‘BATMs,’ the process of buying bitcoin at Coinme-enabled Coinstar kiosks offers advantages as it taps into the latter’s technical prowess.

Users can purchase their BTC using the Coinme Wallet for a seamless experience without the need to input separate wallet information that can be up to 35 characters long. The firm, in addition, is present in over 6,000 locations across 44 states nationwide, making accessibility a mere afterthought.

All transactions are backed by Coinstar’s robust security standards and a commitment to regulatory compliance. Meanwhile, users only need a valid mobile phone number, a driver’s license or state I.D. card, and cash in U.S. dollars to conduct the purchases—which eliminates the need for long, drawn-out KYC procedures.

FreeBitcoin Banner  

The Coinme Bitcoin ATMs will be located across select Winn Dixie, Fresco y Mas, Harveys, and other grocery outlets across the state from small towns to big cities including Jacksonville, Miami, Orlando, and Tampa.

Get an edge on the cryptoasset market

Access more crypto insights and context in every article as a paid member of CryptoSlate Edge.

On-chain analysis

Price snapshots

More context

Join now for $19/month Explore all benefits

Like what you see? Subscribe for updates.

Go to Source
Author: Shaurya Malwa


Recommended Crypto Services, Products and Strategies:

The first thing any crypto investor needs is is a reliable and secure Crypto Wallet.  Whether you’re looking for an online wallet, hardware wallet, desktop or mobile wallet, Crypto Renegade provides you with all the Best Crypto Wallets in each category.

Best Crypto Wallets Banner

When you’re ready to buy more crypto, or exchange your coins for others, Crypto Renegade’s list of the Best Crypto Exchanges has you covered.  The Crypto Exchanges recommended here offer everything from simplicity and convenience to advanced trading platforms and profit sharing. 

Best Crypto Exchanges Banner

If you want to learn more about the methods and tools that can be used to find Great Crypto Projects, then be sure to check out Crypto Renegade’s strategy for How To Find The Best Cryptocurrency.

Crypto Strategy Banner

For those people that don’t have any money to invest right now, or just want to understand the technology a bit more, you’ll definitely want to check out Crypto Renegade’s Free Crypto Strategy and start collecting Free Coins today!

Free Crypto Banner

What do you think about cryptocurrency? Do you have any questions about it? Be sure to leave a comment below.

This site uses Akismet to reduce spam. Learn how your comment data is processed.