Shoppers looking to cash out their crypto holdings to buy groceries may soon be able to do so at many HEB Texas supermarkets.
Crypto-ATM company Coin Cloud is preparing to install machines at 29 HEB locations in the Houston area, according to a report on Friday’s Houston Chronicle. The ATMs will allow customers to buy and sell more than 30 cryptocurrencies, including Bitcoin (BTC), Ether (ETH), Dogecoin (DOGE), Litecoin (LTC), certain DeFi tokens and US dollar-linked stablecoins.
Coin Cloud CEO and Founder Chris McAlary said he believes “retailers will become increasingly aware of the critical role digital currency will play in the future.” The crypto ATM company is reportedly moving its 2,000th ATMs in a HEB store so customers can conduct crypto transactions using cash, debit cards, and credit cards.
Connected: The number of Bitcoin ATMs in the US has increased 177% over the past year
Texas is also becoming a hotspot for crypto-mining companies, given the state’s renewable energy sources and loosely regulated power grid. Blockcap announced it would open offices in Austin, and Riot Blockchain planned to acquire a data facility east of the state capital for $ 650 million.
Founded in 1905, HEB is one of the oldest supermarket chains in Texas with 400 locations across the state and Mexico. The company was ranked 13th on the Progressive Grocer’s list of Leading Groceries and Consumables Retailers in North America in 2021, and was recognized by many residents for donating food after major disasters, including the major winter storm earlier this year.
Cointelegraph reached out to HEB and Coin Cloud but received no response at the time of publication.
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