Bitcoin Depot, one of the world’s fastest-growing multi-cryptocurrency ATM networks, announced on February 6, 2020, that it’s expanding its services to more than 500 ATMs, globally.
This move will notably make Bitcoin Depot the largest blockchain ATM network in the world. The firm recently surpassed 100 ATMs installed in Atlanta, where its headquarters are based.
Brandon Mintz, CEO at Bitcoin Depot, remarked:
“The expansion of Bitcoin ATMs increases acceptance and use of bitcoin for financial transactions and makes everyday transactions easier for everyone. 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.”
Mintz added that he was excited about the impact the Bitcoin Depot network has been able to make, and could continue to have, in promoting awareness of the cryptocurrency and distributed ledger technology (DLT) industry. The new service aims to improve access to digital finance for underbanked communities in the US.
Bitcoin ATMs (BTMs), or Bitcoin kiosks, are reportedly among the world’s fastest-growing industries, because of the increased demand for in-person digital currency transactions. Bitcoin kiosks could play a key part in the global acceptance and adoption of Bitcoin (BTC), because of their ability to create a bridge between the world’s underbanked population and the digital asset industry. BTMs are able to convert fiat currency into digital money, ensuring a convenient and seamless transaction process.
As noted in a press release:
“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 let people easily purchase several major digital currencies, including Bitcoin (BTC), Litecoin (LTC), and Ether (ETH), instantly at hundreds of locations throughout the world. Transactions are usually settled quickly and securely.
Following the addition of more than 200 ATMs in just the past quarter, Bitcoin Depot continues to support the rapid growth of the Bitcoin ATM sector, which is currently on track to exceed 1,000 ATMs by the end of this year.