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Coinme expands into Denver with 100 Coinstar bitcoin kiosk locations

Coinstar photo.

November 21, 2019

Seattle startup Coinme, a provider of bitcoin kiosks and ATMs, announced Monday that it's adding more than 100 bitcoin purchase points at Coinstar kiosks in Denver Safeway stores. 

Coinstar, a maker of kiosks that turn loose change into cash and gift cards, makes up the largest network for purchasing bitcoin for Denver area consumers, according to a press release.

"It's very gratifying to meet the growing customer demand through our relationship with Coinstar," Neil Bergquist, Coinme co-founder and CEO, said in the release.

Coinme partnered with Coinstar earlier this year to sell bitcoin. Consumers can buy bitcoin at a Coinstar kiosk in four steps that only require a phone number and cash in U.S. dollars (up to $2,500 per day), according to the firm's website. 

There are now 3,000 Coinstar kiosk locations across the country that allow consumers to purchase bitcoin, Coinme said.

In September, Coinme raised $1.5 million in a Series A-1 round that included Ripple subsidiary Xpring and the newly established Blockchain Finance Fund.