Coinsource grows US bitcoin ATM network

Posted: 13 April 2018 3:30 pm
Coinsource bitcoin ATM small

Coinsource has launched machines in Rhode Island, New Hampshire, Massachusetts and Colorado in 2018.

Washington D.C. now boasts 20 new bitcoin ATMs thanks to Coinsource’s continued United States expansion. These and 162 other machines, located across 19 different states, make up the company’s extensive network.

The 20 new machines stationed in the nation’s capital were introduced after bitcoin users and local merchants voiced demand for additional convenience. Throughout the first quarter of 2018, Coinsource has launched 10 machines in Rhode Island, New Hampshire and Massachusetts, plus eight new machines in Denver, Colorado.

Coinsource claims to be the largest bitcoin ATM network in the world.

“We are meeting Washington D.C. at an inflection point, where regulators are looking at the value and potential of decentralized currencies and blockchain technology,” Coinsource chief executive Sheffield Clark said. “All innovation over time has passed through our nation’s capital in one way or another and we are happy to be now servicing D.C. and surrounding communities so they can have easy access to buying and selling bitcoin.”

Cryptocurrencies are a hot item in Washington D.C. A Senate Committee on Banking, Housing and Urban Affairs met in the District of Columbia in February to discuss regulators’ roles in monitoring and policing the industry.

The Chamber of Digital Commerce hosted its third annual D.C. Blockchain Summit in March. Additionally, several local restaurants, bookshops, and record shops have been accepting bitcoin as payment since last year.

The city currently has five bitcoin ATM operators. Coinsource is now the largest in the district’s metropolitan area, with machines in Washington D.C. (15), Baltimore (5), Towson (1), Oxon Hill (1) and Takoma Park (1).

Coinsource requires a simple, one-time online registration and offers a free, decentralized digital wallet. The bitcoin ATM network allows customers to buy bitcoin and withdraw cash in exchange for the cryptocurrency.

“We are expanding the bitcoin ATM market further… offering the lowest rates, exclusive remote enrollment and allowing for at-home account registration,” Coinsource chief marketing officer Bobby Sharp said.

Coinsource services 164 million residents in the US and currently has 182 machines located across the states of California, Oklahoma, Nevada, Texas, Louisiana, Missouri, New Jersey, New York, Pennsylvania, Tennessee, Arizona, Georgia, Rhode Island, New Hampshire, Massachusetts, Colorado, Maryland, Delaware and D.C.

You can learn all about different exchanges, understand exactly how to buy and sell cryptocurrencies, calculate your taxes, discover digital wallets to hold assets and explore a list of all the alternative coins on the market.

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