Digital currency machine operator Coin Cloud has reached a new milestone. The company now has more than 3,500 kiosks across the U.S. and Brazil, with 500 of those machines placed in UNFI customer stores.
Further, Coin Cloud machines have the potential to show up in as many as 4,000 UNFI locations.
Coin Cloud DCMs offer customers the ability to instantly buy and sell Bitcoin (BTC) and more than 30 other digital currencies with cash.
In August, Coin Cloud added some new digital assets to the mix, including the high-demand Cardano, Nano, SushiSwap, Celsius and 1inch. Now, to go with the UNFI store expansion, it has launched an additional selection of coins like Algorand, Polygon and OMG Network.
These digital assets have continued to grow in popularity throughout 2021, and Cardano now has the industry’s third-largest market cap behind Bitcoin and Ethereum. In fact, the blockchain platform, launched by Ethereum co-founder Charles Hoskinson, hit a new all-time high of $99.57 billion on Sept. 1. To put that into context, Cardano’s market cap is now higher than vacation rental service Airbnb Inc.
The entire digital currency market recently topped $2 trillion, while both Amazon and Walmart started seeking blockchain experts to create new offerings.
Coin Cloud’s expansion of coin offerings and association with UNFI will further the company’s mission of “Bringing Digital Currency to All” by providing convenient access to cryptocurrencies for everyone from beginners to enthusiasts, in all sizes and types of communities.
“We really value working with UNFI, because they share our vision of making new products and services available to all,” said Chris McAlary, CEO of Las Vegas-based Coin Cloud. “Like Coin Cloud, UNFI is an industry leader and pioneer in what they do. We’re honored and excited to have our machines in 500 of their retail and wholesale customer locations and look forward to expanding our relationship.”
Coin Cloud also offers customers a non-custodial wallet app designed to work seamlessly with Coin Cloud DCMs. This free mobile app enables users to completely control and manage their money, as well as store, buy, sell, send or receive digital currency from anywhere in the world.