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As popular as crypto ATMs are becoming, they are only part of the greater adoption of crypto payments
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The Bitcoin Depot cryptocurrency ATM network has announced the launch of over 350 crypto ATMs across the United States
In the last month alone, Bitcoin Depot rolled out 355 crypto ATMs in 40 different US states.These include 40 new kiosks across Florida, 32 in North Carolina, 24 in Texas, 23 in California and 20 in Georgia
These ATMs are the latest of 2,500 Bitcoin Depots rolled out in the past six months Over this period, the company has more than doubled its kiosk footprint The company expects growth of 200 % by the end of the year
Users of Bitcoin Depot’s kiosks can exchange cash for cryptocurrency Company President and CEO Brandon Mintz said the company’s kiosks allow users’ to ‘auto-banking primarily through their phone’s digital wallet, turning their money into cryptocurrency”Customers can then use their crypto to transfer money, pay bills or invest
By March, the number of Bitcoin ATMs around the world had more than doubled year on year, reaching nearly 17,000 At this point, the number of Bitcoin ATMs has grown by more than 20% in 2021 The US accounts for over 80% of all Bitcoin ATMs, but their number is also increasing in Europe
Company Growth Demonstrates Rising Popularity of Cryptocurrency Transactions As reflected with crypto ATMs, other companies are allowing cryptocurrency as a direct payment method
Last month PayPal launched “Checkout with Crypto” This allows US PayPal customers to pay with Bitcoin (BTC), Ether (ETH), Bitcoin Cash (BCH) and Litecoin (LTC) The service application PayPal’s mobile, Venmo, has also launched “Crypto on Venmo” This allows their users to buy, sell and hold cryptocurrencies in the app
Even though companies make it easy to pay with crypto, many companies try to allow their customers to pay with crypto
Nick is a data scientist who teaches economics and communication in Budapest, Hungary, where he obtained a BA in Political Science and Economics and an MA in Business Analysis from CEU He writes on cryptocurrency and blockchain technology since 2018 and is intrigued by its potential economic and political use He can be described as an optimistic center-left skeptic
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Cryptocurrency, Lux Vending LLC, Ethereum, Litecoin
Ebene News – GB – Bitcoin Depot launches over 350 new Crypto ATMs in the United States – BeInCrypto