Coinme has broadened its cash-to-crypto service by allowing wallet funding at over 10,000 additional retail locations in the United States.

These new additions, powered by the Green Dot network, have increased the total number of participating sites to more than 50,000, making Coinme’s cash-based crypto exchange network the largest in the country.

Now, users can convert their cash into cryptocurrency using the Coinme app at convenience stores, pharmacies, and other national retailers. Transactions are completed by entering a purchase amount on the app, scanning a barcode at the register, and handing over the cash. Typically, funds become available immediately in the user’s Coinme Wallet.

Coinme representatives indicate that these expanded locations are intended to serve the growing number of Americans interested in decentralized finance tools, particularly those who might not have traditional bank accounts. The company highlights its goal of providing a straightforward entry point into digital assets without requiring a bank-issued debit card or online banking credentials.

Enhancing infrastructure and addressing user needs

Coinme’s retail cash system, known as Coinme Cash, charges a flat fee of USD 3.95 per transaction at the point of purchase, irrespective of the cash amount involved. Internal estimates suggest that users could potentially receive up to 35% more crypto value for every dollar compared to average Bitcoin ATM transactions due to lower fees and narrower exchange rate spreads.

This expansion aligns with Coinme’s broader plans to scale its infrastructure and respond to the growing demand from users seeking simpler access to cryptocurrency. The company continues to focus on retail distribution as well as its crypto-as-a-service offerings, which provide digital asset capabilities to other businesses.

Coinme officials state that regulatory changes and heightened mainstream interest in digital assets are opening up new opportunities to serve underbanked populations who rely more heavily on physical cash rather than digital financial tools.