Bitcoin ATMs Are Growing Rapidly In Cryptocurrency-Friendly Regions

 

Bitcoin (BTC) is gaining popularity among retail investors. And so people are looking for an easy way to turn their cash into assets. Bitcoin ATMs are also helping with this.

Coinme, a US-based cryptocurrency company, announced earlier this week that it would debut in Florida with more than 300 ATM launches. The firm has made the following statement about ATMs:

“For Floridians, it makes buying Bitcoin with cash as simple as visiting a local grocery store.”

The move came on the back of positive steps taken for Bitcoin in Florida in general and Miami in particular.

Bitcoin In Florida

According to CEO Neil Bergquist, the team is opening up to new areas to meet the “ever-growing demand” of accessible areas for cryptocurrency purchases. Bergquist said::

“Our team is working with state regulators to launch Coinme at Coinstar kiosks across the state, and we are excited to be licensed to provide services to Florida residents for the purpose of buying Bitcoin.”

Coinme was founded in 2014. The firm operates about 6,000 physical locations to buy and sell Bitcoin through a partnership with US currency exchange giant Coinstar, which has about 20,000 locations in four countries. A recent survey sponsored by Coinstar found that 23% of people who would buy cryptocurrencies would do so from a Bitcoin ATM or kiosk.

In addition, nearly a fifth of respondents said they would prefer to buy cryptocurrency in cash, and more than half said they would buy it as an investment. Coinstar Chief Executive Jim Gaherity said mainstream demand for Bitcoin was attracting new investors who needed a simple and secure solution to buy the asset for cash.

Simple and accessible

Buying Bitcoin at Coinstar kiosks via Coinme is intended to be a simple and secure way to instantly convert money into BTC. Unlike traditional 'Batms', the Bitcoin buying process at Coinme-enabled Coinstar kiosks offers extra advantages while benefiting from the latter's technical capabilities.

Users can purchase their BTC using the Coinme wallet for a hassle-free experience without having to enter separate wallet information that is 35 characters long. The firm is also available in more than 6000 locations in 44 states nationwide.

All transactions are supported by Coinstar's commitment to robust safety standards and regulatory compliance. Meanwhile, users only need a valid mobile phone number, driver's license or state ID.