When Bitcoin (BTC) first debuted in 2009, plenty of folks thought cryptocurrency was nothing more than a fad. Thirteen years later, it’s certainly proved its staying power.
If those same critics had invested just $100 in Bitcoin back in 2009 when the price was less than $1, they’d be multimillionaires today – Bitcoin surpassed a remarkable $68,000 at the height of the market in November 2021.
Despite the massive windfalls it’s made for some and awareness being at an all-time high – 93% of American adults have heard of crypto by now, according to a recent Harris Poll – only 21% of American adults have bought or traded crypto as of March.
When asked why they don’t own crypto, a 2021 survey revealed that the top three reasons are a lack of understanding (51%), security concerns (34%), and not knowing where to buy it (29%).
But that’s all changing now. Mass adoption of cryptocurrencies is quickly becoming a reality, and innovative companies large and small are making crypto more accessible than ever before.
In fact, you can now buy Bitcoin, Ethereum (ETH), or even Dogecoin (DOGE) while you’re picking up milk and eggs at the local supermarket. Better yet, you can buy it instantly and say goodbye to the long transaction times of the past, where it could take up to five days to access your assets once purchased through an exchange.
A small startup is bringing this technology to grocery stores across the United States. And with nearly 90% of the country’s population within five miles of one of its “crypto ATMs,” this tech startup is definitely one you need on your Future Tech Watchlist…
These Crypto Kiosks May Already Be in Your Local Supermarket
The company I’m talking about is a Seattle-based startup founded in 2014 called Coinme, and it’s currently the largest licensed cryptocurrency cash exchange in the U.S.
The product is simple – it looks like an ATM – you just walk up to the kiosk in your local grocery store and select the option to buy crypto.
Then you just follow the steps on the screen, insert your cash or debit card and verify your purchase, and the machine will print a receipt voucher that you can redeem in your Coinme wallet. You can use the same machines to cash out and withdraw Bitcoin or other cryptos for cash instantly.
Aside from its relatively low transaction fees (4% compared to competitors that charge fees between 11% to 12%, in some cases), what sets Coinme apart from other similar Bitcoin ATMs is its immense availability and ease of use.
By partnering with MoneyGram International Inc. (MGI) and Coinstar to crypto-enable their preexisting kiosks, Coinme grew its network an impressive 185% year-over-year in 2021 – allowing it to expand to over 21,000 locations across the U.S.
Check out the map below. You may not have realized that a Coinme kiosk is already open near you.
Keep a close eye on this startup. Because as crypto becomes more and more mainstream (we’ve already seen the number of blockchain wallets grow 18% over the past 12 months), it could very well become a household name.
And before you know it, you’ll be adding Ethereum and Litecoin to your shopping list alongside sour cream and baking powder.
Coinme is still a private company, but to get direct exposure to the hottest coins on the market, my colleague Tom Gentile has uncovered a massive opportunity for you. A new class of cryptos is racking up some of the biggest gains in the market today, and he’s recommending two that are projected to soar over 5,000% in five years.
Cheers and good investing,