Over 2,000 New Stores to Allow Users Purchase Bitcoin [BTC] in the United States– Bitcoin Adoption News

One of the biggest question among Bitcoin (BTC) enthusiast in the United States often is “bitcoin atm near me” which reflects the need for more points to exchange U.S. dollar to Bitcoin BTC. In today’s bitcoin news and bitcoin price analysis we consider how a cryptocurrency-focused Supermarket kiosk chain which helps U.S. residents purchase bitcoin conveniently is taking bitcoin adoption to a new level. By adding more than 2000 new bitcoin purchase spots across the country, Coinstar in partnership with Coinme is boosting bitcoin adoption. But will this translate to improved bitcoin BTC price or more optimistic bitcoin price prediction 2019?

Coinstar and Coinme Add More than 2000 New Bitcoin Purchasing Kiosks

Announced Wednesday, April 24, Coinstar and Coinme said they have partnered to boost cryptocurrency offerings with 2,000 new locations where users can buy bitcoin within the United States.

The joint statement read:

“In collaboration with Coinstar, Coinme now offers the largest Bitcoin kiosk network in the world, with more than 2,000 locations and growing”

Washington-based Coinstar provides convenient and reliable coin-counting services at mass merchants, grocery and drug stores and financial institutions, offering consumer solutions like coin-to-cash, coin-to-eGift card, and charity donation options. According to information on its website, it has over 20,000 kiosks globally.

Bitcoin ATM Services in the United States – Bitcoin ATM near me

Coinme, for its part, is one of the biggest fintech companies driving bitcoin adoption through a network of bitcoin ATMs, cryptocurrency wallet services and, and private client services. According to the statement, Coinme added new locations in Washington, California, and Texas as well as an expansion to 19 more states including Boston, Chicago, the District of Columbia and Philadelphia.

The new bitcoin kiosks are beginning to yield traction for Coinstar, Coinme and the bitcoin community as a whole. “The response to being able to purchase bitcoin at Coinstar kiosks has been extremely positive with overwhelming demand by both consumers and new retailer partners,” Coinstar CEO Jim Gaherity said, adding that the firm was pleased to expand new markets through the collaboration.

In the first quarter of 2019, Coinme reported a 38 percent growth in user acquisition and 92 percent gains in transactions volume—the highest since 2014 when it launched. Its other business areas doubled in customer base following the drive.

The bitcoin kiosks, however, only accepts U.S. dollar bills (not including coins) and has a limit of $2,500.

Bitcoin Price Today – BTC to USD

1 BTC to USD is valued at $5,486 according to BTC price chart from Coinmarketcap. BTC is in a similar position as it was yesterday although it peaked at above $5,600 before correcting downward to the current price. Bitcoin dominance is still high at 54.6% as bitcoin left most of the cryptocurrency market behind in its latest surge.

Bitcoin Price Prediction 2019

A U.S. resident will assume that with a lot more bitcoin ATMs near me, the adoption of bitcoin will increase and expectedly bitcoin demand and BTC price will improve. While the logic makes sense, there are other factors that influence the price of bitcoin. Technical bitcoin analysts are pointing to a so-called bitcoin cross indicating the start of a bitcoin bull run.

Comment on Bitcoin News Today and Bitcoin Price Prediction

What do you think about the bitcoin adoption news and does it affect your bitcoin price prediction for 2019? Share in the comment section

Riccardo Lopp is a writer specializing in Crypto, ethereum and whole blockchain ecosystem. His background is in economics and statistics.


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