Coinme expands US bitcoin ATM network teaming with Coinstar

Coinme grew its cash-to-bitcoin network by 185% year-over-year to over 21,000 locations nationwide, with nearly 90% of the U.S. population living within five miles of a Coinme-enabled location, according to a press release.

As a result, a majority of the American population can purchase bitcoin instantly with cash at a Coinme-enabled Coinstar kiosk or visit a participating MoneyGram location to purchase or sell bitcoin immediately with cash.

“Since the pandemic, we’ve seen demand for our services increase as Americans become aware of crypto as a store of value and effective payment rail,” Neil Bergquist, CEO and co-founder of Coinme, said in the press release.