Shoppers in the US can now buy Bitcoin with cash at convenience stores and pharmacy chains.
The mainstream push is through a network of Bitcoin ATMs, cashiers and kiosks operated by Boston-based Libertyx. It now includes 20,000 7-Eleven, CVS and Rite Aid Pharmacy stores nationwide, where consumers can make BTC purchases on the go.
According to the announcement, Libertyx, which launched its first Bitcoin ATM in 2014, enables people to buy “Bitcoin on every block” at big chains and smaller merchants. Consumers who download the company’s store locator app are able to navigate to the nearest location to buy BTC.
By offering Bitcoin at a wider network of everyday stores for mainstream shoppers, the company is building critical on-ramps for users who may only be curious about the cryptocurrency and are looking for easy access at a trusted store.
Says LibertyX co-founder Chris Yim,
“Bitcoin is one of the most exciting innovations over the last decade, but adoption has been limited by trust and accessibility. We wanted to expand our footprint so anyone can buy bitcoin at familiar locations they drive or walk by daily. Now, everyone is only a few miles away from owning bitcoin and becoming part of its global community. Buying bitcoin is as easy as scanning a barcode while shopping for groceries.”
LibertyX also operates traditional ATMs that offer Bitcoin integration and allow consumers to buy the world’s leading cryptocurrency using debit cards.
“At its core, bitcoin is a global and inclusive technology. Anyone with a mobile phone and an internet connection can store, send, receive and transact value with bitcoin. To that end, LibertyX is proud to offer 20,000 cash-accepting retail locations and 5,000 debit-accepting ATMs across its network. No matter your payment preference, you can conveniently purchase bitcoin from a trusted local store.”