Coinme intros cash-to-crypto at Coinstar kiosks

Coinme, a cryptocurrency cash exchange, announced a service with Coinstar to allow customers to purchase cryptocurrency and add it to their wallet by depositing cash or coins at more than 9,700 Coinstar kiosks in the U.S. Customers can purchase up to $9,500 in cryptocurrency daily and $60,000 monthly, according to a press release.

The kiosk links purchases to the customer's mobile phone number and automatically loads it onto the customer's Coinme wallet.

"We want to make the cash-to-crypto buying experience as simple as possible. Automatically loading crypto to the Coinme Wallet after purchasing it at a Coinstar kiosk makes it more streamlined than ever for both the first-time and experienced crypto user," Neil Bergquist, CEO and co-founder of Coinme, said in the release. "Now the purchase is linked directly to the customer's mobile phone number and loaded into their Coinme wallet, all before they leave the grocery store."

"We're committed to providing the simplest and most convenient access to crypto in the U.S.," Reinan Lima, head of product at Coinme, said in the release. "Coinme sets the standard for positive user experiences in crypto, reducing friction in access to digital assets and aligning with the industry's trajectory towards mainstream adoption."