Bitcoin Depot has rolled out over 500 ATMs in the United States, making it one of the biggest crypto ATM networks worldwide. The kiosks allow users to create an account and get verified in less than a minute in order to buy Bitcoin, Ethereum and Litecoin locally with cash.
CEO Brandon Mintz says,
“The expansion of Bitcoin ATMs increases acceptance and use of bitcoin for financial transactions and makes everyday transactions easier for everyone.”
The Atlanta-based company powers kiosks from New Jersey to California. Mintz adds,
“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.”
Bitcoin ATMs, or BTMs, are among the world’s fastest growing industries because of rising demand for in-person digital currency transactions. With cryptocurrency still in its infancy, ATMs serve as billboards that broadcast how easily Bitcoin, Litecoin and other digital assets can be purchased.
Jon Moore, vice president of Nationwide Merchant Solutions, shows off a CoinFlip ATM located at a busy bar in Elizabeth, New Jersey next to Newark Airport. He says the foot traffic doesn’t get any better.
“They’re accepting Bitcoin and Litecoin for payment. They’ve got the CoinFlip ATM. It’s here, it’s live…Look where the ATM is placed at, right when you walk in.”
Stopped by @t1sportsbar to checkout the @CoinFlipATM. The #Bitcoin ATM is perfectly located right when you walk in!! This is great for adoption because everyone sees the CoinFlip machine that comes to the Bar!! #Litecoin #PayWithLitecoin @cybotcam @romancat pic.twitter.com/H0bk85F2qy
— Jon Moore BTC/LTC 🔑 (@jonnylitecoin) February 7, 2020
Says AI analyst Brian Roemmele,
“One of the reasons the Bitcoin halving will be more monumental this time is the astonishing growth of Bitcoin ATM locations. History will show this was a useful meter of how Bitcoin’s accent was so rapid.”