9,500 Coinstar Kiosks Bring Crypto Closer to Millions of Americans

Coinstar, a leader in self-service financial kiosks, announced Tuesday the launch of CINQ by Coinstar, a digital wallet developed in partnership with crypto infrastructure platform Zero Hash to bring cryptocurrency and stablecoin transaction capabilities to U.S. consumers. The announcement states:

This collaboration allows up to 9,500 of Coinstar’s 17,000+ network of kiosks across the U.S. to facilitate cash-to-crypto transactions.

“Through a partnership with Zero Hash, CINQ by Coinstar has launched with the initial ability to purchase cryptocurrency and stablecoins with cash at more than 9,500 Coinstar kiosks across the U.S., or through the CINQ by Coinstar mobile app. Users of the CINQ by Coinstar app, powered by Zero Hash, can seamlessly move in, out and between cash, stablecoins and crypto,” the announcement explains.

Coinstar intends to expand the wallet’s services in 2025 to enhance financial access for underbanked Americans and make remittances more affordable, especially for immigrants who often rely on cash-based transfers.

Zero Hash CEO Edward Woodford emphasized the value of linking Coinstar’s cash infrastructure with digital assets, which he believes could reduce remittance fees by simplifying the process. Coinstar CEO Kevin McColly highlighted Zero Hash’s role, calling it a “secure and industry leading” provider that made it possible to bridge traditional cash services with digital currency access.

According to Coinstar:

Users can buy over 25 crypto and stablecoin assets with paper currency at Coinstar kiosks in major grocery stores across North America as well as through the CINQ by Coinstar mobile app.

Moreover, “Users can also connect multiple bank accounts, with Zero Hash’s platform facilitating USD deposits via ACH, allowing users to hold balances in cash or crypto and easily manage their financial needs,” the company detailed. Coinstar noted that while the CINQ by Coinstar wallet is available in all 50 states, Zero Hash enabled Kiosks are not currently available in all states, including the state of New York.