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Texas supermarket will now accept crypto payments

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Texas has been making moves recently to make itself an attractive place for cryptocurrency miners, spearheaded by its governor, Greg Abbott.

And Texas’ latest initiative is to allow grocery buyers to purchase items using cryptocurrencies on H-E-B supermarkets, one of the oldest supermarket chains in Texas. It has 400 branches in the state as well as in Mexico.

In a report published by Houston Chronicles, Coin Cloud, a crypto ATM company, will start installing their machines on 29 H-E-B stores around Texas’ capital.

These ATMs will enable customers to buy and sell a wide range of cryptocurrencies such as bitcoin, ethereum, and dogecoin. The machines will also include U.S dollar-pegged stable coins and DeFi tokens.

Optimistic

Chris McAlary, CEO of CoinCloud, is optimistic about the upcoming crypto ATM installations.

He said that by making these machines accessible to anyone, more people will be aware of the significance of digital currency in the future.

The company is reportedly preparing to install its 2,000th crypto ATM machine, allowing more consumers to have access to cryptocurrencies.

These machines would allow users to make crypto transactions through traditional means such as cash, credit card, and debit card.

Crypto hotspot

Just like Miami, Texas is slowly but surely becoming a hotspot for cryptocurrencies.

But apart from its other crypto initiatives, one major thing that makes Texas an attractive place for miners is its renewable and loosely regulated power grid.

Riot Blockchain is one of the latest blockchain companies to take interest in Texas and announced that it is planning to acquire a data facility in the state. Blockcap, on the other hand, plans to set up offices in Austin to finally start its crypto operations.

Image courtesy of Cointelegraph News/YouTube

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://bitcoinerx.com/blockchain/texas-supermarket-will-now-accept-crypto-payments/

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