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Bitcoin Global News (BGN)

January 18, 2019 -- ADVFN Crypto NewsWire -- Two factors are holding Bitcoin back from being taken anywhere close to as seriously as traditional fiat currencies. The first is that we do not see everyday items priced in Bitcoin, except on certain, relatively niche internet sites. The second is that despite it being available on a multitude of exchange sites, Bitcoin is not easy for everyone to obtain.

In one of their article’s today, CoinDesk revealed how one company is tackling this second issue of increasing adoption through making Bitcoin more widely available. What may surprise you is that of the two companies involved, one is very well-known and in some parts of the United States, easily seen in just about every grocery store.

According to the article in question, Coinstar is partnering with a company called Coinme to integrate Bitcoin into their existing machines so that any customers who already go to Coinstar to aggregate their various coins into spendable receipts, can choose to do so into Bitcoin as well.

Before you leave the computer to go and find your local Coinstar machine, keep two facts in mind. First, the companies are beginning by rolling out this capability in Safeway and Albertsons stores in Washington state, California, and Texas. Second, there is no indication that the process of purchasing Bitcoin via an ATM or ATM-like machine has been made any easier as a result of this partnership.

Considering this, the question remains: what sort of educational initiatives will be rolled out to incentivize more of the general populace to choose Bitcoin? On top of this, why would they even give Bitcoin a chance when one of the other chief options is a receipt that can be used like currency in the grocery store in question?

As these improved machines rollout, it would be reasonable to expect that all eyes will be on how the companies involved choose to answer these questions.

By: BGN Editorial Staff