Retailers, including CVS Pharmacy, Rite Aid and 7-Eleven, allow users of LibertyX mobile applications to buy for Bitcoin for cash.
Bitcoin for cash up to $ 500
LibertyX, the company that launched one of the first bitomats in the world, has just enabled the purchase of bitcoin for cash in over 20,000 retail stores throughout the United States.
In the announcement of June 22, on Twitter, a company dealing with bitcoin ATMs informed its customers that they can already buy bitcoin using cash in, among others in 7 Eleven, CVS Pharmacy, and Rite Aid.
Use cash and buy #bitcoin with LibertyX at 20,000 7-Eleven, CVS Pharmacy®, and Rite Aid stores nationwide. 0% conversion fees through 7/31/20. Sign up today! https://t.co/jrj6Pg5VkM pic.twitter.com/9Aj1kQ93kB
– LibertyX (@libertyx) June 22, 2020
Users who want to use the service must have the LibertyX mobile application installed, select the location of the seller in advance, and scan their bar code at the time of purchase. According to LibertyX, users can buy bitcoin with a value of 20 to a maximum of $ 500 (at the time of writing this article it is a maximum of about 0.052 BTC). Transactions are to be processed within a few minutes for a small fee.
“Now, everyone is only a few miles away from owning bitcoin and becoming part of its global community. Buying bitcoin is as easy as scanning a barcode when shopping at grocery stores. “
– said LibertyX co-founder and CEO Chris Yim.
Cryptocurrency community reactions
Cryptocurrency traders have already started using the new offer. Reddita notyourcoins user ponformowałthat, paying $ 104.95, he received $ 99.58 in BTC. The purchase was made in a 7-Eleven store on June 22. The user paid $ 100 for the crypto, and $ 4.95 commission for the seller.
Another user, Oracle_of_Knowledge, made calculations regarding this transaction:
“0.01040236 BTC for $ 100. So $ 9613,20 for BTC was the price you paid. June 22 at 9:38 Western time, so for comparison the price on the Coinbase Pro stock at that time was between 9551 and 9570 dollars. This is not even such a bad spread, you only paid about ~ 0.5% above the spot price. Plus a fixed commission fee of $ 5. Surprisingly good. “