Bitcoin Kiosks Arrive at Circle K
Customers can buy and trade the digital currency in-store.
Jun 25, 2019
CHICAGO—DigitalMint, the over-the-counter cryptocurrency trading platform, has installed bitcoin kiosks at 20 Circle K convenience stores as part of a pilot program in Arizona and Nevada, according to Coindesk.com. This is the largest expansion for the crypto platform since the company’s 2014 launch.
During the past five years, DigitalMint has established either ATM or in-person teller branches at 250 locations in 25 states. “This partnership opens the door for massive expansion of bitcoin access to new markets around the globe,” said Marc Grens, president of DigitalMint.
DigitalMint ATMs allow consumers to buy and trade up to $20,000 bitcoin, ethereum and litecoin per day. The company charges 12% of a transaction, though rate reductions are available, according to the company’s website.
“Partnering with DigitalMint allows us to provide our customers with seamless access to bitcoin at a very reasonable price,” said Joel Konicke, category manager, Circle K.
Because the company does not accept debit or credit cards, purchases must be made with cash. Bitcoin can also be purchased through bank wire, but the DigitalMint sets a $5,000 minimum. Approved customers can have transaction limits pushed above $1 million.
The bitcoin ATMs are in Phoenix, Mesa, Tempe, Tucson, Flagstaff, Surprise and Maricopa, Arizona, and in Las Vegas, Nevada.
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