New Partnership Will Add 100,000 Bitcoin ATMs Across the US

New Partnership Will Add 100,000 Bitcoin ATMs Across the US

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Answer New Partnership Will Add 100,000 Bitcoin ATMs Across the US

An agreement between a traditional Automated Teller Machine (ATM) manufacturer and a cryptocurrency machine vendor will make it possible to buy Bitcoin at tens of thousands of locations in the US using an ATM debit card.

Bitcoin ATM and LibertyX, in a joint understanding with regular ATM maker Genmega, will make it possible to get bitcoin with a debit card at up to 100,000 locations in the United States.

However, since Genmega largely caters to standalone ATM deployments, adding the ability to purchase Bitcoin via ATMs will depend on the willingness of operators to provide the service. After placing an order, all that is required is a system upgrade to allow users to purchase bitcoins from the vending machine and send them to their coin wallet.

Read:Officially revealing the launch date of the NASH platform for buying and selling cryptocurrencies

Ease of use

The development will be a great feature for new users especially as the process of buying bitcoins from an ATM is not much different from withdrawing cash from a vending machine. According to LibertyX, making programmable vending machines that are easy to use has been a top priority for Bitcoin ATM since its founding.

“We have worked tirelessly to make cryptocurrency purchases easier for the past five years, and now we bring simplicity, convenience, and confidence to the crypto buying experience,” said Chris Yim, co-founder and CEO of LibertyX, in a statement announcing the partnership. .

Currently, the number of Bitcoin ATMs in the USA is approximately 2,330 which is the highest in the world, with major metropolitan areas such as: “Los Angeles”, “Miami”, “Atlanta”, “Chicago” and “New York” Leading coverage with over 100 vending machines in every city.

The United States is also home to Genesis Coin Inc, the world’s leading manufacturer of Bitcoin ATMs with a market share of over 32%, according to Coin ATM Radar.

American hegemony continues

Various factors have contributed to the US being the leader in Bitcoin ATM coverage, and this includes the high level of awareness and adoption of the cryptocurrency exchange market. A recent market research report indicated that this will continue for the foreseeable future.

Read:Cryptocurrency exchange FTX acquires a Canadian exchange and expands further into North America

“The US is expected to continue to dominate the cryptocurrency ATM market during the forecast period due to a large number of ATM hardware and software providers and a favorable investment environment (without any legal hurdles).”

According to a report on the cryptocurrency hardware market released last August.

Although it remains to be seen which part of 100,000 ATMs support Bitcoin, Genmega will adopt the advantage of buying Bitcoin, even a small percentage that will significantly increase the number of Bitcoin ATMs not only In the United States but globally.

Currently, the number of Bitcoin ATMs in the world rises to over 3,800, with an average of 5.58 Bitcoin ATMs per day.

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