Coinstar Moves Beyond Bitcoin, Adding Dogecoin, Ethereum to ATMs

Crypto onboarding service Coinme has announced the introduction of six new digital assets available for purchase via cash deposits at kiosk stations located across the U.S following a partnership deal with Coinstar.

Alongside Bitcoin, users will also be granted access to Chainlink, Dogecoin, Ethereum, Litecoin, Stellar, and Polygon at a purportedly instant transaction rate.

CEO and co-founder of Coinme Neil Bergquist said that the crypto service has allowed the firm 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.”

Coinme, Coinstar, and crypto 

The Seattle-based company has been offering financial services in Bitcoin since its inception in 2014. Coinme was also awarded 9th place out of 150 in the 2022 Inc. listings for fastest growing corporations in the U.S Pacific region.

According to a company announcement during the 2022 Bitcoin Conference, Coinme has expanded its Bitcoin cash service by 185% over the past year to over 21,000 locations across the United States. 

Coinstar CEO Jim Gaherity said that customers had been asking for new assets on the firm’s 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,” he said.