Converting Coins into Digital Money

In this episode, Ben Jackson talks with Kevin McColly, the CEO of Coinstar, which allows consumers to convert coins into other types of currency through its kiosks.  

They discuss the role of coins and cash in the U.S. payments system, the future of the penny and why the CEO of a coin counting company favors stopping its production. 

Below are links to the announcements of the bills that seek to stop production of the penny. 

McClain, Garcia, Lummis, Gillibrand Introduce Bipartisan Bill to End Penny Production 

Lee, Merkley Bill Would Save Taxpayers Millions by Ending Penny Production   

This podcast was recorded on May 5, 2025. Things may have changed by the time you hear it.