Now Coinstar Users Can Convert Cash To DOGE, XLM, And LTC Cryptocurrencies

Coinstar started trading cryptocurrencies. (photo: doc. Coinstar)

JAKARTA – US financial services company Coinstar recently announced that its users can use cash to buy cryptocurrencies Dogecoin (DOGE), Stellar Lumens (XLM), Litecoin (LTC), and others.

Coinstar has been in the cryptocurrency world since four years ago after partnering with a cryptocurrency trading company Coinme. With the announcement above, buyers can exchange their cash for cryptocurrencies after creating an account on Coinme.

In addition, users can also use another method, namely by buying crypto vouchers at Coinstar ATM machines. Every voucher purchase is subject to a 4% discount, this is quite expensive to buy crypto currency. Therefore, an effective purchase is to use the first method.

In addition, the price of cryptocurrencies on Coinstar is also quite varied. This is understandable due to the influence of Bitcoin (BTC) price fluctuations. Furthermore, in order to buy crypto on Coinstar, users who register for an account must upload a driver's license or other document for account verification.

Previously, in October last year, retail company Walmart had installed around 200 Coinstar ATM machines in its stores located in various locations. It is intended as a pilot program.

Launching UToday, Coinstar operates a network of more than 9,000 Coinme ATM machines across the country. In April, Coinstar expanded into Vermont, placing its stalls in select Hannaford-operated supermarkets, Tops Friendly Markets, as well as at several Shaw's and Star Market stores. Last July, it expanded into Connecticut. According to Coinstar CEO Jim Gaherity, customers want more cryptocurrencies available on the Coinme machine.