Coinme, which began as the U.S.’s first licensed bitcoin ATM provider in 2014, will now serve around 2,200 locations in the country via its existing partnership with coin kiosk operator Coinstar.
“Bitcoin and other digital currencies offer unique benefits to consumers — including the potential for more cost-effective and faster remittances to family and friends,” Neil Bergquist, Coinme cofounder and CEO, commented in the press release.
The feature is integrated into participating Coinstar machines, with users able to convert up to $2,500 to bitcoin using a Coinme account. Trades are subject to a flat 4% fee.
According to monitoring resource CoinATMRadar, there are now over 3,000 bitcoin ATM or teller points available in the U.S., making it easily the global leader.
“The response to being able to purchase Bitcoin at Coinstar kiosks has been extremely positive with overwhelming demand by both consumers and new retailer partners,” Coinstar CEO, Jim Gaherity, added.