Bitcoin Depot installs more than 350 new crypto ATMs across the U.S.

Bitcoin Depot installs more than 350 new crypto ATMs across the U.S.
  • The company has observed more than two-fold surge in the Kiosk foothold
  • The Atlanta-based company has installed 2,500 crypto ATMs globally
  • 355 crypto ATMs have already been deployed in 40 states

Bitcoin Depot, a cryptocurrency ATM operator, has rolled out more than 350 new teller machines across the U.S. The announcement comes as the company has witnessed a two-fold increase in its kiosk foothold in the past six months; exceeding 2,500 kiosks globally.

For starters, the Atlanta-based company’s kiosks exchange cash for cryptocurrency, leveraging users with instant purchasing power.

Bitcoin and other digital cryptos are going mainstream as the company observes an upsurge of large convenience chains hosting crypto ATMs and other legacy players who are making a strategic move to jump on the bandwagon to accept cryptocurrency as a mode of payment.

The latest batch of 355 crypto ATMs has been deployed in the past month in 40 various states, 40 of which are in Florida, 32 in North Carolina, 24 in Texas, 23 in California and 20 in Georgia.  

Brandon Mintz, CEO and President of Bitcoin Depot threw light on cryptocurrency stating it provides an opportunity to people who do not have access to traditional financial services. He contended that Kiosks can help customers self-bank with the digital wallet on the phone. In doing so, cash could be turned into cryptocurrency, using it to pay utilities or invest.

The company appears to be sanguine and estimates growth by 200% in 2021.

About Bitcoin Depot:

Bitcoin Depot is based in Atlanta, Georgia and claims to be the fastest-growing ATM network dealing in multicurrency. It renders services such as buying and selling Bitcoin, Ethereum, Litecoin and Bitcoin Cash across the U.S. The company’s vision is to bring the cryptocurrency market to the masses.

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