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Major supermarket chain in Texas will let its customer to buy and sell Bitcoin, Ethereum, Dogecoin

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Shivangi Mujumdar Follow

INDIA

Jun, 19 2021

Jun, 19 2021

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One of the largest supermarket chain H-E-B in Texas will let its customers to buy and sell cryptocurrency. The Cryptocurrency kiosks will be placed in H-E-B stores and these kiosks will provide shoppers access to more than 30 digital cryptocurrencies and these kiosks are made by Coin Cloud. It is one of largest and fastest-growing operator of digital currency machines. H-E-B, one of the important U.S. grocery retailers, will connect Coin Cloud’s cryptocurrency ATMs in 29 stores, according to a report by Texas publication Laredo Morning Times.? 

 

The San Antonio-headquartered supermarket chain will permit shoppers to buy and sell BitcoinDogecoinLitecoinEthereum, and other cryptocurrencies.?? 

 

According to a Friday report from the Houston Chronicle, crypto ATM firm Coin Cloud is making plans to install machines into 29 H-E-B locations in the Houston area. The ATMs will permit customers to buy and sell more than 30 cryptocurrencies. It along with the Bitcoin (BTC), Ether (ETH), Litecoin (LTC), Dogecoin (DOGE), certain DeFi tokens, and U.S. dollar-pegged stablecoins. 

 

Coin Cloud CEO and founder Chris McAlary specified he expects “retailers will become progressively aware of the significant role digital currency plays in the future.” The crypto ATM Company will set up its 2000th machine at an H-E-B store, permitting customers to make crypto transactions using debit cards, cash, and credit cards. 

 

Texas is also becoming somewhat of a hotspot for crypto mining firms, given the state’s bases of renewable energy and loosely regulated power grid. Blackcap declared it would be starting offices in Austin, and Riot Blockchain said it intended to acquire a data facility east of the state capital for $650 million. 

  

In 2020, consumer research corporation Dunnhumby ranked H-E-B as America’s number one grocer; formerly e-commerce behemoth Amazon dethroned it this year. Coin Cloud and CoinFlip, the two major crypto ATM operators, have previously installed thousands of teller machines across the States. 

 

Currently, there are 21,782 cryptocurrency ATMs in the world, with a vast majority of them being located in the U.S. Shoppers wanting to cash out their crypto holdings to buy groceries may soon be capable of doing so at several H-E-B supermarkets in Texas. 


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Shivangi Mujumdar

CBW - External Analyst

INDIA

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