More Than Two Dozen Crypto ATMs to Be Installed in Texas-Based H-E-B Grocery Stores
H-E-B shoppers will soon be able to obtain digital assets at more than two dozen locations in Texas. Coin Cloud, a crypto automated teller machine (ATM) provider, says 29 H-E-B stores will feature kiosks that provide access to more than 30 crypto assets including defi tokens and stablecoins.
H-E-B Stores in Texas to Host Coin Cloud Digital Currency ATMs
29 H-E-B locations will soon have cryptocurrency ATMs at their disposal. The machines will be provided by Coin Cloud, a digital currency ATM provider based in Las Vegas, Nevada. Coin Cloud calls its devices “digital currency machines” or “DCMs.” The company is set to reach 2,000 DCM installations after the H-E-B locations are complete.
Besides H-E-B grocery stores, Coin Cloud has partnerships with the National Alliance of Trade Associations, United Natural Foods, Inc. (UNFI), and CAL’s Convenience Store. The DCMs are stretched across the United States and countries in South America as well.
In the U.S., Coin Cloud has crypto machines in states like Delaware, Texas, Oregon, New Jersey, California, Kansas, Arizona, Oklahoma, Illinois, Ohio, Tennessee, and more.
According to a report from the Houston Chronicle, a H-E-B grocery store chain executive confirmed that 29 stores will start the pilot program. Most of the Coin Cloud H-E-B-based DCM kiosks will be located in the Houston area.
Coin Cloud crypto machines accept both debit and credit cards, alongside cash. The announcement on Friday revealed that over the last six months, Coin Cloud has installed 750 DCMs.
“We’re thrilled to reach this juncture of our business, as our growth is a tangible representation of interest in digital currencies and of Coin Cloud’s mission to provide communities with seamless options to buy and sell,” Chris McAlary, the founder and CEO of Coin Cloud, remarked. “As we continue to expand, retailers will become increasingly aware of the important role digital currency plays in the future.”
According to coinatmradar.com statistics as of June 19, 2021, there are approximately 21,842 cryptocurrency automated teller machines installed worldwide. Other crypto ATM providers competing in Texas for ATM real estate include Coinsource, Rockitcoin, and Bitaccess.
What do you think about H-E-B grocery stores hosting 29 crypto ATMs? Let us know what you think about this subject in the comments section below.
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Author: Jamie Redman