Despite its troubles, cryptocurrency use is growing in Minnesotaarchive.ph/YkARL
56 sats \ 4 comments \ @MinnFinTech 1 Aug 2022 bitcoin
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25 sats \ 0 replies \ @F 1 Aug 2022
This is good for Bitcoin.
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0 sats \ 1 reply \ @MinnFinTech OP 1 Aug 2022
Home Depot, Whole Foods and Starbucks are among retailers that now accept crypto at checkout, said Vivian Fang, Honeywell professor of accounting at the University of Minnesota's Carlson School of Management. Payment platform and credit service company PayPal late last year introduced a crypto checkout option, and most services that use PayPal now let shoppers pay for their items with crypto.
"That opens up the options to over 2 million online merchants in the U.S.," Fang said.
Immigrants also have been increasingly using it to send money to relatives in their home countries, according to the Wall Street Journal.
Right now, 159 Coin Cloud kiosks are in Minnesota, with 105 inside UNFI-owned groceries.
Earlier this year, La Crosse, Wis.-based gas station and convenient store operator Kwik Trip — which has over 800 locations in Wisconsin, Minnesota and Iowa — announced a partnership with Bitcoin ATM operator Coinsource. Texas-based Coinsource's kiosks are in 2,500 locations in 46 states.
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0 sats \ 0 replies \ @MinnFinTech OP 1 Aug 2022
well written @NWilliams_STrib. in the future it would be helpful to distinguish between bitcoin and 'crypto' for those new to the space.
https://twitter.com/jeffweier/status/1553916217190240257 https://nitter.it/jeffweier/status/1553916217190240257
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0 sats \ 0 replies \ @MinnFinTech OP 1 Aug 2022
The link for this post is using an archive for the article on the Star Tribune's website. An archive has no paywall, no subscription requirement, and can be easier to read. The original article, on the Star Tribune's website is:
Despite its troubles, cryptocurrency use is growing in Minnesota https://www.startribune.com/cryptocurrency-is-becoming-common-place-in-minnesota/600194320/
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