MSNBC hosts Mika Brzezinski and Joe Scarborough discuss a new government-paid coin sorting machines, which will allow users to sort coins and other coins at a fraction of the cost of using a regular coin slot.
“If you’re an entrepreneur, you can sort coins for free,” Brzezinksi said.
“You can do it with a coin slot, but it’s not the same thing.”
Scarborough agreed, calling the coin sorting “the best thing in the world.”
The new machines, known as the “Coin Sorting Machine” or “CMS,” will be available to the public on April 18, 2018.
The devices, which cost $250 each, are a $10 investment and come with a $20 rebate.
The machines can be configured to automatically sort coins between 1 and 50 cent coins and can accept cash.
Coin sorting machines can also be used to check a user’s identity, make credit card payments, and store the coins, according to Coin Sorting Machines’ website.
The CMI machines are designed to work with digital currencies such as bitcoin and other cryptocurrencies, but the company said it has no plans to sell them.
“We’re very interested in this new technology and the blockchain,” said Jason Sattler, co-founder of Coin Sifting Machines.
“Our goal is to make it possible for the average person to have their money safely and securely in their own personal wallet.”
A recent report found that the US Mint had over $500 million in counterfeit coin-sorting machines.
Coin Sending Machines CEO Andrew Sarnoff said that the company was working on “a series of exciting and innovative projects that will give millions of people the tools to do more with their digital currency.”
“There’s a lot of people that have this coin-pushing mindset, but we’re not talking about that,” he added.