Now you can buy Bitcoin from the grocery store

[AXELNetwork]

In the U.S. there are these machines in grocery stores called "Coinstar"...they were originally used for fiat coins but now they've modified them so you can buy Bitcoin from them. This is great for mass adoption!

https://www.youtube.com/watch?v=_ZvXq--LwfA&feature=youtu.be

[casperBGD]

does not look realistic, and the video is not that quality as it is live television
i would not use it, certainly

[sunsilk]

They are powered by coinme, this is a good news but I'm thinking on how much would be the fee?

I like the tagline they made, "Coins are money, too! Treat yourself for a change". They have a $2,500 limitation for each customer and this kind of news adoption is always positive. The era of bitcoin ATM is now starting, expect more of it for the upcoming months.

[avikz]

In the U.S. there are these machines in grocery stores called "Coinstar"...they were originally used for fiat coins but now they've modified them so you can buy Bitcoin from them. This is great for mass adoption!

https://www.youtube.com/watch?v=_ZvXq--LwfA&feature=youtu.be

It's great in terms of availability but not in terms of adoption. I see that coinstar has entered into a partnership with CoinMe to sell bitcoins. You can't redeem your code in any wallet than CoinMe. So essentially a buyer will pay high fees for a single buying transaction.

The adoption rate will only increase if the exchange fees can be kept closer to the market price. Otherwise people have better option like p2p trade.

[blueteam09]

In the U.S. there are these machines in grocery stores called "Coinstar"...they were originally used for fiat coins but now they've modified them so you can buy Bitcoin from them. This is great for mass adoption!

https://www.youtube.com/watch?v=_ZvXq--LwfA&feature=youtu.be

This is one of the great ideas for small payments and support for those who want to own Bitcoin. We live in a growing world every day and why do we need to use Fiat for daily deals? You can pay all with your special pocket money QR code increased every day.

[jako41]

it is obvious that coinstar has entered into a partnership with CoinMe to sell bitcoins.

[Chikitita2004]

I think it is more on accessibility purpose. Anyway, also good for those who would like to buy bitcoin without hassle, if they happen to be in the place and decide immediately that they need it so its there. Maybe for adoption also, passers by will be fascinated by the machine so out of curiosity maybe somehow they will also try. just sayin.

[abojamal]

In the U.S. there are these machines in grocery stores called "Coinstar"...they were originally used for fiat coins but now they've modified them so you can buy Bitcoin from them. This is great for mass adoption!

https://www.youtube.com/watch?v=_ZvXq--LwfA&feature=youtu.be

A good step in the way of adoption in terms of making btc available to a new audience
But keep the question .. Is this the best way to buy with high fees often?
The second and best step for this audience is P2P.

[HODL2090]

It would be good news if this is a popular brand in the US, in my country we do not have such machines, but bitcoin adoption increasing in one part of the world, is positive news for enthusiasts all over the world.

Their website would need to contain an introduction section for those interested in buying, so they know how to manage their acquired assets.

[rodel caling]

In the U.S. there are these machines in grocery stores called "Coinstar"...they were originally used for fiat coins but now they've modified them so you can buy Bitcoin from them. This is great for mass adoption!

https://www.youtube.com/watch?v=_ZvXq--LwfA&feature=youtu.be

Oh wow great news for us bitcoiner hope this news can help for bitcoin or crypt currency in general to help wide mass adoption of bitcoin and this news can help to convince to the iinvestor investing in bitcoin.

[crzy]

A similar news before in other country and its really nice to see another one like this. We are growing slowly but surely. Security might be the most important thing in this kind of development,  stay secured all the time.

[KingScorpio]

In the U.S. there are these machines in grocery stores called "Coinstar"...they were originally used for fiat coins but now they've modified them so you can buy Bitcoin from them. This is great for mass adoption!

https://www.youtube.com/watch?v=_ZvXq--LwfA&feature=youtu.be

well.

i have interest more to schill 500 other coins i got free airdropped.

wont really work.

good luck against that competition.

[teejayrichard2]

wow, i must say this is a great news and a very welcomed idea to the cryptocurrency community. It goes to show bitcoin is being adopted in different places all across the globe and in no time we will see it being used in every part of the world. A grocery store selling bitcoin is definitely a good news

[BTMBitcoinVN]

does not look realistic, and the video is not that quality as it is live television
i would not use it, certainly

This is just reporting the news it seems. The product behind it looks solid.

[BTMBitcoinVN]

availability goes up - public exposure goes up. This is great news.

[ppifvtpu]

Hope to see more relevant news in the future, the market needs these very much now, this is part of our community development.

[Baofeng]

.. snip ..

A good step in the way of adoption in terms of making btc available to a new audience
But keep the question .. Is this the best way to buy with high fees often?
The second and best step for this audience is P2P.

That bolded statement is what concerns majority of us. Of course we wanted to try it for ourselves but what about after that? The exorbitant fees will turn off a lot of crypto enthusiast. They may try it once, just for the sake of experiencing it, but to always used that services when you're in a grocery? I doubt that there will be a second time as there are others services that can be utilized and it's way more cheaper.

[eternalgloom]

The fees are indeed quite high, but for some people it's just worth it for the convenience.
According to an article from Cryptoslate, you'd pay 4% in fees plus the trading spread.

https://cryptoslate.com/coinstar-kiosks-sell-bitcoin/

Note that the article also mentions that you pay a whopping 11.9% in fees to count your change in those Coinstar machines.
Also, you can't exchange your coins into Bitcoin.

[PeRo]

So it is pretty similar to a Bitcoin ATM which has been active since 2017? As Bitcoin ATM's are adopted pretty much everywhere, I don't see the point of this, so I wouldn't use this. These guys are late 2 years, ATM's are even in the poorer countries while these are at a few grosery stores. It also has a 11% fee which maybe even higher than at the ATM, I think this isn't profitable to use at all.

[Ezenwanyi1]

This is a welcomed development for Cryptocurrency .
I wish I can get something like this or enterprenuers and stores in my country would start accepting bitcoin for the exchange of goods and services.
It would really drive up the adoption rate of the blockchain .
It would make it easy for people to own Cryptocurrency effortlessly and afford those who have bitcoin the opportunity to buy with it.