Post
Topic
Board Project Development
Re: CoinStar
by
franky1
on 22/10/2014, 00:41:23 UTC
- and I'm 99% sure they are internet connected.  I'm not sure if distributing private keys at the location is feasible or if some sort of redemption code would make it simpler.

Even without internet the machine could print a dollar denominated voucher for Coinbase or a similar operator. The user would go to the website and be guided through setting up an account if he doesn't have one. His dollars would be converted to Bitcoin at the time he enters the voucher number on the site at the then current rate. Coinbase would collect dollars from CoinStar.


one thing im learning from the research im doing now is that coinstar do not pick up the coins and put it into their bank. instead the shop empties the machine and then puts it into the shops bank account. thus i think if i get a reply it would be something like the retailer has to offer a bitcoin exchange service to be able to offer it through their box. as the funds never really reach outerwall inc