U.S residents to buy Bitcoin in Coinstar kiosks: BTC/USD stability hinders declines

The residents of United States are soon going to be able to buy Bitcoin (BTC) at grocery stores following the partnership between Coinme, a BTC ATM firm and Coinstar, a coins-to-cash converter. Both forms confirmed the partnership yesterday where it was revealed that the services will be initially rolled out at specific Safeway or Albertson stores found in Texas, California and Washington state.

According to the press release there are “plans to extend this offering to additional U.S. markets and retailers following a successful launch.” This partnership has been formed to ensure that consumers are able to access Bitcoin in “a convenient and easy way.” The goal is to bridge the gap between peoples’ daily lives and the dynamic digital economy. The chief executive of Coinstar, Jim Gaherity said in a different statement:

“Coinstar is always looking for new ways to offer value to our consumers when they visit our kiosks, and Coinme’s innovative delivery mechanism along with Coinstar’s flexible platform makes it possible for consumers to easily purchase Bitcoin with cash.”

Bitcoin price technical picture

Bitcoin is changing at $3,602 while the upside is limited by the 50-day Simple Moving Average (SMA). Moreover, the crypto is stuck in a bear range with resistance at $3,700. A support has been established at $3,500. Bitcoin has proved stability within this range since the week’s trading started on Monday. The current trend will continue throughout the weekend trading unless the bulls push BTC above the range resistance.

BTC/USD 4-hour chart