Coin Cloud Set to Reach 2,000 Kiosk Installations

The provider of digital currency kiosks has been placing its machines in retail locations at a fast rate over the past seven months.

AccessTimeIconJun 19, 2021 at 12:59 a.m. UTC
Updated Sep 14, 2021 at 1:13 p.m. UTC
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Cryptocurrency ATM provider Coin Cloud will put its 2,000th kiosk in stores of the Texas-based grocery chain H-E-B.

The Las Vegas-based company has been on a spree in recent months, increasing its installations from 1,250 kiosks in December. The H-E-B pilot program calls for machines at 29 locations in the Houston area, according to a Houston Chronicle report.

Coin Cloud has placed more than 200 machines at CAL's Convenience stores and 300 kiosks at United Natural Foods (UNFI) customer locations. In a March conference call, UNFI President Chris Testa said the kiosks could appear in as many as 4,000 locations the retail service provider serves. At the time, UNFI and Coin Cloud had partnered on 80 contracts with retailers.

"Our growth is a tangible representation of interest in digital currencies and of Coin Cloud’s mission to provide communities with seamless options to buy and sell,” said Chris McAlary, Coin Cloud founder and CEO, in a press release.

Separately, Coin Cloud has also struck a partnership with the National Alliance of Trade, which supports over 6,000 convenience retail stores.

Coin Cloud machines offer access to over 30 cryptocurrencies, including bitcoin, ethereum, dogecoin and a number of stablecoins and decentralized finance (DeFi) tokens. The seven-year-old company has kiosks in 47 U.S. states and Brazil.

Correction: A picture that initially accompanied this story was of ATMs from a different company.

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