In 2020, demand for Bitcoin grew to new levels, so much so that Coinstar decided to increase its number of Bitcoin ATMs, with a new purchase of 5.000 units.
Coinstar, an American company that operates coin exchange machines across the country, and joined the ecosystem Bitcoin (BTC) at the beginning of January last year, just announce which acquired 5.000 new Bitcoin ATM units, bringing its fleet to around 8.500 units available in the country.
According to declarations of Neil Bergquist, CEO of Coinme, the company associated with Coinstar that enables the provision of services with BTC, the company now has a presence in more than 40 states in the country and Bitcoin services are present in almost 25% of the company's total fleet of kiosks. Likewise, Bergquist also assured that with the new purchase, there is “a Coinstar kiosk located five miles from 90% of the US population", so the company is driving a true collective opportunity to offer services with Bitcoin, the cryptocurrency market leader by capitalization, to the US population.
Demand for Bitcoin has been overwhelming, the executive also says, noting that the economic crisis of 2020 was positive in boosting interest and demand for cryptocurrencies.
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New ATM locations
The company's recently acquired 5.000 Bitcoin ATMs will be installed in Georgia, Nevada, New Mexico, Ohio, Oregon, Maryland, West Virginia, Delaware and Rhode Island, and the provider, Coinme, says it expects significant growth in the future as states approve their applications for permits to install the equipment.
At these self-service ATMs, users will be able to buy cryptocurrencies with cash, and they only need a phone number and the money to buy the bitcoins they want. At the time of the transaction, the ATM will issue a coupon containing a code with which users can redeem the cryptocurrencies. Since Coinstar opened these new services last year, the maximum amount of each transaction is $2.500 USD.
The services offered by this ATM network are quite similar to the offer presented by Bit2Me in Spain through tikebit, where users can purchase cryptocurrencies with a variety of options, including cash purchases at thousands of authorized merchants and ATMs without the need for a card or bank account.
A wide range of options in the United States
Cryptocurrency adoption, and Bitcoin in particular, is growing worldwide, and the North American nation is no exception. Chainalysis, a blockchain research and analysis firm, published a report report in the month of September, where it indicates that the United States is the sixth country in the world that shows the greatest adoption of cryptocurrencies and digital assets.
On the other hand, crypto analysts point out that interest in digital ecosystems may be related to the growing adoption of cryptocurrencies by institutional investors, who are not only promoting the rise in the price of Bitcoin, but are also providing greater confidence and security to the ecosystem, attracting more investors and users.
At the time of this writing, Bitcoin has a value of $19.377 USD, and maintains a capitalization of 359,8 billion dollars.
About Coinme Inc.
Coinme is one of the world's largest cash-to-cryptocurrency exchange networks, and the company responsible for powering the network of Bitcoin ATMs available at Coinstar kiosks. The company's vertically integrated network of cryptocurrency kiosks, digital wallets, and private client services, providing an easy and efficient way to buy and store cryptocurrencies and digital assets.
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