Coinme Introduces 6 Additional Crypto Instant Trading by Cash
Nicholas Otieno Aug 25, 2022 04:00
Besides Bitcoin, users can purchase Chainlink, Dogecoin, Ethereum, Litecoin, Lumens, and Polygon at Coinme-enabled kiosks.
Coinme, a major cryptocurrency cash exchange based in Seattle and Washington, announced on Wednesday that it has introduced six additional cryptocurrencies to its list of buyable assets from its 10,000 grocery store kiosks across the United States.
Ether (ETH), polygon (MATIC), Chainlink (LINK), dogecoin (DOGE), Litecoin (LTC), and stellar (XLM) are now available for instant purchases using cash at Coinme-enabled kiosks countrywide.
Crypto kiosks like the Coinme-enabled machines allow users to buy cryptocurrency in person at one of these machines in more than 10,000 locations.
With the integration of the six additional cryptocurrencies, Coinme wants to give users greater freedom to interact with different tokens beyond Bitcoin.
For instance, users who want to buy Ether to purchase a non-fungible token (NFT) or buy Stellar (XLM) cryptocurrency to send across borders can do so at one of the supermarket kiosks.
Neil Bergquist, CEO and co-founder of Coinme, further elaborated: "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."
Founded in 2014, Coinme has continued to function as a trusted gateway to digital currencies and a better financial future.
In May last year, Coinme partnered with MoneyGram to enable thousands of physical locations in 49 states in the U.S. to facilitate the purchase and sale of crypto using cash.
The move marked another step from a mainstream financial institution (MoneyGram) toward the acceptance of nascent digital currencies.
Financial services firms have been increasingly making moves in the crypto landscape.
In October 2020, PayPal started allowing its users to trade cryptocurrencies. In March last year, PayPal gave its users the option to pay with cryptocurrency at millions of online retailers.
In February last year, Mastercard started offering customers cards that allow consumers to transact using their cryptocurrencies.
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