Blockchain Cryptocurrency News

Bitcoin Depot Surpasses 500 ATM Mark, Making it the Largest ATM Network in the World

Bitcoin Depot Surpasses 500 ATM Mark, Making it the Largest ATM Network in the World

Company Also Surpasses 100 ATMs in its Backyard of Atlanta

Bitcoin Depot, the fastest growing multi-cryptocurrency ATM network in the world, announces its expansion to more than 500 ATMs worldwide, making it the largest Blockchain ATM network in the world. The company also surpasses 100 ATMs in its headquarters city of Atlanta.

Read More: CloudMellow Accelerates Growth With the Acquisition of Florida Firm

“The expansion of Bitcoin ATMs increases acceptance and use of bitcoin for financial transactions and makes everyday transactions easier for everyone,” said Brandon Mintz, CEO of Bitcoin Depot. “With more than 500 ATMs across 30 states, and more than 100 of those right here in our own backyard, we are significantly outpacing others in the industry. We are excited about the impact this network has had, and will continue to have, in creating additional awareness of our industry and easing the access to digital finance for underbanked communities around the United States.”

Bitcoin ATMs, also called BTMs or Bitcoin kiosks, are one of the fastest growing industries in the world due to the increased demand for in-person cryptocurrency transactions. Bitcoin ATMs are crucial for the acceptance and adoption of Bitcoin due to their vital connection between underbanked communities and the crypto world. Bitcoin ATMs convert fiat currency into digital cash, ensuring a seamless transaction experience.

Read More: Apps Associates Acquires New Hampshire-Based Strafford Technology

With the increased acceptance and use of bitcoin transactions, Bitcoin ATMs have made cryptocurrency a popular form of payment in certain parts of the United States, including in major Bitcoin Depot ATM hubs such as California, Florida and Georgia. Bitcoin Depot ATMs allow users to buy Bitcoin, Litecoin, and Ethereum instantly at hundreds of locations across the globe. Transactions are quick, easy and secure.

With the addition of over 200 ATMs in the past quarter, Bitcoin Depot continues to contribute to the growth of the Bitcoin ATM industry in leaps and bounds, projecting it will surpass 1,000 ATMs by the end of 2020.

Read More: Millers Mutual Partners With Invoice Cloud to Bring Enhanced Billing Portal to Policyholders

Related posts

Unbound Tech Announces Key Security-Rooted Hires to Support North American Market Growth and Continued Global Expansion

Fintech News Desk

Mobile Assistant Announces Open API Initiative to Power Effortless Meeting Note Syncing Between Fintech Apps

PR Newswire

Customers Bank Wins Prestigious Global Everbridge Critical Event Management Impact Award

Fintech News Desk

Leave a Comment

1