Crypto ATMs are coming to Texas supermarket chain, H-E-B

Bitcoin ATMs to be subjected to stricter AML rules

The United States of America has been one of the countries that seemingly resisted cryptocurrency adoption the most of all western nations. Now, however, things are starting to change, and the change is very fast in some parts of the country.

Of course, not all states are equally friendly towards crypto, but the number of those that are is rapidly increasing. Only recently, the mayor of Miami invited Bitcoin miners that are being forced to leave China, and now, a Texas supermarket chain is about to install crypto ATMs and allow customers to buy and sell digital currencies on the spot.

According to yesterday’s report from the Houston Chronicle, a crypto ATM company known as Coin Cloud is preparing to install crypto ATMs into 29 H-E-B locations in the Houston area. This will allow Texas’ crypto users to come to the store, cash out their coins on the spot, and purchase items with cash.

Another move to encourage adoption in Texas

H-E-B has been around since 1905, which makes it one of the state’s oldest supermarket chains. There are over 400 locations across Texas, as well as Mexico. While only 29 of them will have ATMs installed, this might be only a beginning.

The ATMs will support over 30 different coins, including the likes of Bitcoin, Ethereum, Litecoin, Dogecoin, several stablecoins, and even a number of DeFi tokens.

Chris McAlary, the founder and acting CEO of Coin Cloud, stated that the move will make retailers increasingly aware of the importance of digital currencies, especially when it comes to the future. The company is about to set up its 2000th crypto ATM, and it will be in one of the H-E-B stores.

It is also worth noting that Texas itself started to become a major crypto mining hub, partially due to a loosely regulated power grid, and partially because it uses renewable energy, which solves the environmental problems that many are concerned about these days.

The post Crypto ATMs are coming to Texas supermarket chain, H-E-B appeared first on Invezz.

Publication date: 
06/19/2021 - 07:59

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