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JOHN P. NJUI • ALTCOIN NEWS • CRYPTOCURRENCY • JUNE 20, 2021
Crypto adoption has taken a giant leap forward in the State of Texas with a new plan to install cryptocurrency kiosks in more than two dozen H-E-B grocery stores. The cryptocurrency kiosks will be part of a massive expansion by the digital currency provider known as Coin Cloud.
The pilot program will commence with 29 H-E-B grocery stores in the Houston Area. The machines by Coin Cloud will allow customers to buy and sell digital assets using physical cash and/or debit and credit cards.
Once installed, the crypto machines will provide customers access to over 30 digital assets supported by Coin Cloud. They include Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), multiple USD stablecoins and various DeFi tokens.
The addition of crypto kiosks at H-E-B grocery stores will also mark a new milestone of the 2,000th machine installed by Coin Cloud. The company has expanded rapidly, having installed a total of 750 crypto machines in the last six months.
In a Twitter commentary early yesterday, the Governor of Texas, Greg Abbott, was optimistic about the new crypto kiosks installations across H-E-B grocery stores. He explained:
It’s happening! Texas will be the crypto leader.
Cryptocurrency is now coming to Texas grocery stores.
H-E-B is putting cryptocurrency kiosks into some Texas grocery stores.
Earlier this month, Governor Abbott and the Texas Department of Banking sent out a notice to state-chartered banks in the state, informing them that they had the authority to provide their customers with custody solutions digital assets.
The Texas Department of Banking currently regulates 216 state-chartered banks and the notice was not a new law. It was a clarification that the existing law encompasses digital assets.
[Feature image courtesy of Unsplash.]
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Original article posted on the EthereumWorldNews.com site, by John P. Njui.
Article re-posted on Markethive by Jeffrey Sloe
