- Crypto adoption is gaining traction in Texas
- Coin Cloud will install Crypto kiosks in 29 H-E-B Grocery stores in the state
- The machines will provide customers access to over 30 digital assets including Bitcoin, Ethereum, Dogecoin, USD stablecoins and numerous DeFi tokens
- Governor Abbott believes ‘Texas will be the crypto leader’
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.
Coin Cloud Installs its 2,000th Machine
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.
Governor Greg Abbott: Texas Wil Be the Crypto Leader
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.
Texas State-Chartered Banks Can Offer Custody Solutions for Digital Assets
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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