Bitcoin ATM units in the U.S. have nearly doubled in a year, indicating a growing demand from retail investors who seek convenience.
Bitcoin ATM units in the U.S. have nearly doubled in a year, indicating a growing demand from retail investors who seek convenience.
Bitcoin ATMs are popping up across the U.S. as Bitcoin adoption grows. The machines provide a convenient, hassle-free experience for anyone to purchase bitcoin, meeting the growing demand across the country – with some tradeoffs.
In less than a year, bitcoin ATM units deployed in the U.S. have more than doubled, now amounting to over 38,000 machines, according to How Many Bitcoin ATMs[2], an independent research site.
In West Texas, bitcoin ATMs have popped up at gas stations and grocery stores, reported CBS7[4]. The machines allow customers to walk in and trade cash for BTC, up to $18,000. And the machines also bring in business, a store owner said in the report, because customers often end up buying other products at the store.
The company operating these machines in West Texas, Quad Coin, told CBS7 that the simplicity of the purchasing process has ramped up demand, leading the company to sketch expansion plans.
Quad Coin founder Mark Shoiket said he founded the company after he "assumed there was demand and people wanted bitcoin everywhere," reported Reuters[5] in March. He got that right. According to the report, ATMs' ease of use leads people to make a quick stop and buy bitcoin anytime.
Eyeing the growing demand and based on successful deployment examples, convenience store chain Circle K announced yesterday that it had
