Coinstar Kiosk Adds Support for Ethereum, Dogecoin, Polygon, and 3 Other Cryptos.
Coinstar recently said it has rolled out support for more digital currencies, which can be purchased via its Kiosks globally.
Coinstar is an American company operating coin-cashing machines. Coinstar’s focus is the conversion of loose change into paper currency, donations, and gift cards. The company has over 60,000 kiosks offering various services in the US, UK, Ireland, Canada, Puerto Rico, and Mexico. Coinstar also produces machines that provide prepaid credit cards and e-payment kiosks. ”
The company, which initially supported only Bitcoin (BTC), has decided to add six other top crypto assets, such as Ethereum (ETH), Dogecoin (DOGE), Chainlink (LINK), Litecoin (LTC), Stellar Lumens (XLM), and Polygon (MATIC), Fortune noted in a recent report.
Jim Gaherity, Coinstar CEO, said its customers requested that the company include other crypto assets alongside Bitcoin in all Coinme and Coinstar-enabled 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.” Gaherity added.
Recall that in 2019, Coinstar partnered with Coinme to enable cryptocurrency enthusiasts to exchange cash for BTC via a kiosk. More crypto assets have been added following increased customer demand.
How to Use the Service
People interested in using the service to acquire digital currencies will be required to select a particular function on the machine to get started.
Users will be prompted to enter their phone number alongside the cash equivalent of the cryptocurrency they intend to convert. A voucher containing a code will be sent to the user, which can be redeemed on the Coinme website.
After that, the user will have to complete a compulsory know-your-customer (KYC) verification that requires uploading a selfie and a means of identification.
Once completed, a crypto wallet will be created for the new user, and the funds deposited into the wallet. Users can subsequently move the funds to any wallet.
Firms Develop Solutions to Make Crypto Adoption Easier
Interests in cryptocurrencies have continued to be on the increase in recent times. While buying digital currencies may be complicated for non-tech savvy users, several companies, including Coinstar, have been committed to making crypto acquisition easier for everyone.
Interested cryptocurrency investors can now buy and sell cryptocurrencies directly from ATMs specially made for the nascent asset class. Although the Coinstar and Coinme solution is not a Bitcoin ATM, the duo claims their crypto kiosks are better.
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