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- Texas Governor announces the installation of crypto ATMs in supermarkets
- Retailers, shoppers and other customers to be targeted and converted to crypto users
- 30 coin options will be available at each of the ATM locations in Houston
The United States of America has always been a pro crypto nation with its leaders also warming up to the idea of cryptocurrency and other digital assets. Fintech has become an emerging industry in the country and is growing day by day. The southern state of the United States, Texas, has now opened its gates for converting cryptocurrency in the supermarkets of the state. Texas residents will now have easier access to digital currency exchanges with the fiat money.
Texas allows supermarkets to assist in crypto exchange
The people living in Texas are now closer to a simpler way of converting money and cryptocurrency. Supermarkets in Texas will be allowed to have ATMs, with the objective of easier facilitation and trading of cryptocurrency. The news was recently announced to the public of the state.
Now shoppers across Texas can monetize their purchasing experience and indulge in digital transactions along with their shopping cart. A report released by the Houston Chronicle on Friday suggests that a cryptocurrency ATM company called Coin Cloud, is already in the process of installing ATM machines at around 29 HEB locations in the Houston region.
HEB is one of the most historical supermarket chains that has over 400 stores spread across Texas and in Mexico too. This being the most widespread chain store in the state, is also rated and ranked 13th in the list of the best retailers in North America 2021.
ATMs will have almost all major crypto exchange options
The ATMs developed by the Coin Cloud company are looking to incorporate 30 major cryptocurrencies in the machine. The available options for the shoppers to choose from also include Bitcoin (BTC), Dogecoin (DOGE), Ethereum (ETH), Litecoin (LTC), several DeFi tokens and stablecoins that are based in the United States. This move made by the Texas Government implies that it wants the residents to grow comfortable with crypto. Investors should not be the only ones that catch the crypto market. Retailers are supposed to become aware of the vitality of digital finance in their economy.
The CEO and founder of Coin Cloud, Chris McAmple, wants to expand the cryptocurrency knowledge and the users as well. With the installation of such ATMs, customers will have a more enriched relationship with cryptocurrency and will be able to purchase it with the help of debit cards, credit cards and cash.
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain.
