Cryptocurrency ATM operator Bitcoin Depot has launched 355 new ATMs across the United States. The announcement was made as the number of ATMs supporting cryptocurrency exchange currently exceeds 19,000 worldwide.
American company Bitcoin Depot expands ATM coverage in 40 states
Bitcoin Depot, which operates a growing network of cryptocurrency ATMs in the US, added 355 new kiosks in the past month alone. In March, it announced the launch of 115. Its ATMs allow registered users with a wallet to purchase cryptocurrency. For amounts under $ 250, it will be sufficient to provide a phone number to verify your identity.
The Atlanta-based company says it has installed over 2,500 crypto ATMs worldwide, most of which are in the US. The latest batch of 355 vehicles was deployed in 40 US states, 20 of which are in her home state of Georgia, 40 in Florida. , 32 in North Carolina, 24 in Texas and 23 new kiosks in California. Most of the establishments are open around the clock and seven days a week.
In just six months, Bitcoin Depot has doubled its presence and now expects growth to hit 200% this year, according to a press release. Its kiosks support the buying and selling of three different cryptocurrencies for fiat: BTC, LTC, and ETH.
Bitcoin Depot President and CEO Brandon Mintz believes that cryptocurrency opens up new opportunities for people who do not have access to traditional financial services: “Our kiosks allow them to independently manage the bank through a digital wallet on their phone, converting their cash into cryptocurrency. that can be used to transfer money, pay bills or invest. “
19,000 ATMs worldwide offer access to cryptocurrencies
Many other companies are working in the same direction around the world, and the number of BATMs has grown exponentially over the past year. There are currently over 19,300 ATMs and cashiers providing cryptocurrency exchange services in 73 countries, according to data collected by tracking website Coinatmradar, nearly double the number registered in September 2020.
Banking machines are installed and operated by nearly 600 companies and are manufactured by no less than 40 manufacturers. BTC, BCH, ETH and LTC are some of the most widely supported cryptocurrencies. Coinatmradar’s report on Bitcoin ATM market dynamics, released in April, shows that install rates have maintained steady growth, between 8% and 10%, over the previous month.
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