Cryptocurrency transactions coming to some Texas H-E-B stores

Business

AUSTIN (KXAN) — Cryptocurrencies like Bitcoin, Ethereum, Litecoin and Dogecoin, the meme-originated favorite of Elon Musk, will soon be able to be bought and sold at some H-E-B grocery stores in Texas.

The Houston Chronicle reports currency provider Coin Cloud will soon begin placing kiosks in several stores.

An H-E-B representative told Houston Chronicle the pilot program will start in 29 Houston-area stores. The machines will also be Coin Cloud’s 2,00th machine.

Worldwide, more and more businesses are starting to embrace cryptocurrencies like Bitcoin, which is the most popular. Currently, 1 Bitcoin equals about $36,120.20 in U.S. dollars. Second most popular is Ethereum: 1 Ether currently equals $2,225.98 U.S. dollars.

Despite their surging popularity, many investors and experts still lack faith in them as long-term investments, citing volatility and uncertainty around value retention.

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