Bitcoin ATM operator Coinme enters Florida via Coinstar partnership after obtaining regulatory approval

Apr 7, 2021 | The Block News | 0 comments

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Coinme, the second-largest bitcoin ATM operator in the United States, has obtained the proper licensure to offer its services in Florida, according to a company statement.

The company will now place 300 machines in grocery stores across the state through its partnership with Coinstar, the physical kiosk manufacturer. 

While Bitcoin ATM operators are federally regulated through the Financial Crimes Enforcement Network, state guidelines also limit where they can actually set up shop. Coinme already had 5,607 locations across the United States, according to a map of available Coinme locations, including some in Florida’s neighboring state Georgia.

“Our team has been working with state regulators in an effort to launch Coinme on Coinstar kiosks throughout the state, and we are thrilled to secure a license to offer a cash onramp to purchasing bitcoin to the residents of Florida,” said Coinme co-founder and CEO Neil Bergquist in a statement. “Through our partnership, we’re able to continue to expand into new areas to meet the ever-growing demand of accessible avenues to purchasing digital currencies.

The Coinme-powered kiosks in Florida will be located in large grocery store chains like Winn-Dixie, Harveys and Fresco y Mas across major cities like Jacksonville, Miami, Orlando and Tampa, as well as smaller towns.

© 2021 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

News Source from TheBlockCrypto.com

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