Cryptocurrency ATM operator Bitcoin Depot has launched 355 new ATMs in the United States. The announcement comes as the number of ATMs supporting crypto-fiat exchanges is more than 19,000 worldwide.
The US company Bitcoin Depot is expanding the coverage of ATMs in 40 states
Bitcoin Depot, which operates a growing network of crypto ATMs in the US, added 355 new kiosks just last month. In March, she announced the launch of 115. Registered users can use their ATMs to purchase cryptocurrency with a wallet. For amounts less than $ 250, providing a phone number is sufficient for identity verification.
The Atlanta-based company says it has installed over 2,500 crypto ATMs worldwide, most of which are in the United States. The latest 355 machines have been used in 40 states, 20 of them in his home state of Georgia, 40 in Florida, 32 in North Carolina, 24 in Texas and 23 new kiosks in California. Most locations are open around the clock.
In just six months, Bitcoin Depot has doubled its presence and now expects 200% growth this year, according to a press release. The kiosks support the buying and selling of three different cryptocurrencies with Fiat: BTC, LTC and ETH.
Brandon Mintz, President and CEO of Bitcoin Depot, believes that cryptocurrency is opening up new opportunities for people who do not have access to traditional financial services: “Our kiosks allow them to essentially transfer themselves through their phone’s digital wallet, by converting their money into cryptocurrency that can be used to transfer money, pay bills or invest. “
19,000 ATMs around the world provide access to cryptocurrencies
Many other companies are working in the same direction around the world, and BATMs have grown exponentially over the past year. According to the tracking website CoinatmradarThere are now over 19,300 ATMs and cashiers offering crypto-fiat exchange services in 73 countries, almost twice as many as in September 2020.
The ATMs are installed and operated by almost 600 companies and manufactured by at least 40 manufacturers. BTC, BCH, ETH, and LTC are among the most widely supported cryptocurrencies. Coinatmradar’s Bitcoin ATM Market Dynamics Report published in April shows that the installation speed has increased steadily between 8% and 10% over the previous monthly period.
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