Coinme Brings DOGE, ETH, MATIC and More to Grocery Crypto Kiosks
“People are attracted to different coins for different reasons, whether that's a store of value or a medium of exchange,” said Coinme CEO Neil Bergquist.
:format(jpg)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/RCYGGRFSLZBG7PF6BUC6SPT5RQ.jpg)
TikToker David Friedman, 25, opted for bitcoin on a Coinme machine. (Danny Nelson/CoinDesk)
Bitcoin (BTC) kiosk company Coinme on Wednesday said it now sells ether (ETH), polygon (MATIC), chainlink (LINK), dogecoin (DOGE), litecoin (LTC) and stellar (XLM) from its 10,000 grocery store kiosks.
Coinme’s integration of the six additional cryptocurrencies is intended to offer users greater freedom to interact with different tokens beyond bitcoin, CEO Neil Bergquist said. Where some users may purchase ETH to buy a non-fungible token (NFT), they can also purchase XLM to send across borders, all at one supermarket kiosk.
“People are attracted to different coins for different reasons, whether that's a store of value or a medium of exchange,” Bergquist said. “Our position is to provide safe and secure access to digital currencies, and our customers can use them how they like to use them in a safe environment.”
Coinme has been expanding its products across the country, adding Vermont, its 49th state, in April. Once it obtains its Bitlicense, which Bergquist says the company is in the process of acquiring, it can expand to the state of New York.
CORRECTION (Aug. 24, 2022 14:45 UTC) – Coinme is now selling chainlink (LINK), not chain.
DISCLOSURE
Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.
Learn more about Consensus 2024, CoinDesk’s longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.