Categories: Cryptocurrency

The number of Bitcoin ATMs in the US is about to explode!

Share

Up to 100,000 ‘regular’ ATMs in the United States could soon be Bitcoin-enabled after a deal was struck between American retail Bitcoin exchange, LibertyX and fiat ATM manufacturer, Genmega.

The pair have joined forces to develop Bitcoin-buying software which can be added seamlessly to Genmega’s fiat-dispensing machines.

Anyone who owns or operates a Genmega ATM now has the option to add the LibertyX Bitcoin functionality – allowing users to purchase Bitcoin at the ATM and have it deposited into their digital wallet.

LibertyX Co-Founder & CEO Chris Yim says he hopes the new technology will expose more people to the world of cryptocurrencies.

“We have been working tirelessly to make it easier to buy cryptocurrencies for the last five years and now are bringing simplicity, convenience and trust to the cryptocurrency purchasing experience through the timeless ATM.”

Chris Yim, LibertyX CEO & Co-Founder

Around 100,000 Genmega ATMs are currently in operation across the US.

Operators can have their existing machines Bitcoin-enabled for free, however, Wes Dunn, Senior Vice President of Sales at Genmega, says its too early to say how many will upgrade.

“We are excited to work with LibertyX on this new initiative that will drive additional foot-traffic to merchant locations and provide added revenue to our operators ‒ ensuring they stay ahead of the market and bring added value to consumers.”

The rise of Bitcoin ATMs

According to Statista, 2131 new Bitcoin ATMs have been installed across the world in the past 12 months.

There are now believed to be 3,789 Bitcoin ATMs globally.

The top ten countries with the most Bitcoin ATM’s are:

United States – 2331

Canada – 677

Austria – 233

United Kingdom – 209

Russian Federation – 72

Spain – 67

Czech Republic – 65

Australia – 55

Italy – 38

The national figures are based on a database developed by Coin ATM Radar, the publisher of a global Bitcoin ATM location map.

“This market will absolutely explode” – The Great Cryptocurrency Conspiracy explained. Click here to read more.

Micky News

Finance, cryptocurrency and blockchain news - created by Australians, for the world.

Published by
Micky News

Recent Posts

AOC announces Twitch comeback with another ‘Among Us’ stream

Alexandria Ocasio-Cortez is coming back to Twitch after her successful re-election. Here's how you can…

11 hours ago

Mysterious ‘Utah monolith’ becomes the subject of UFO theories!

It seems like the social media world has found a new subject of curiosity. It's…

11 hours ago

Netflix to lose its most-watched show ‘The Office’

Netflix is soon going to lose The Office, its most-watched and streamed show on the…

12 hours ago