New deal with US ATMs for BTC vending

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A deal between a traditional ATM manufacturer and a cryptocurrency vending machine firm will make it possible to buy BTC using a debit card at around 100,000 locations in the USA.

The partnership is between Bitcoin ATM firm LibertyX and regular ATM manufacturer Genmega. However, according to CCN, “since Genmega caters largely to the independent ATM deployers, adding the bitcoin-buying feature at the ATMs will depend on the willingness of the operators to offer the service.” So ATM owners have to opt in and it remains to be seen how many will choose to do so.

More ease of use

The development will be a real benefit, especially since the purchasing process of bitcoin from the ATMs is not very different from withdrawing cash from a vending machine. According to LibertyX, making cryptocurrency vending machines user-friendly has been a top priority for the firm since it was founded. Chris Yim, the co-founder and CEO of LibertyX, said: “We have been working tirelessly to make it easier to buy cryptocurrencies for the last five years and now are bringing simplicity, convenience and trust to the cryptocurrency purchasing experience.”

How many ATMs in USA deliver BTC?

At the moment, the number of Bitcoin-related ATMs in the United States is around 2,330, which is the highest in the world. Major urban areas such as Los Angeles, Miami, Atlanta, Chicago, and New York are the leaders, with more than 100 vending machines in each city. Furthermore, Genesis Coin Inc, the world’s biggest Bitcoin ATM manufacturer is an American company and has a 32% market share.

It is likely that the USA’s dominance in regard to Bitcoin ATM coverage will continue. This is due to higher levels of adoption and awareness. A recent ATM research report stated: “The US is expected to continue to dominate the crypto ATM market during the forecast period owing to the presence of a large number of crypto ATM hardware and software providers and favorable investment environment (without any legal barriers).”

At the moment the number of Bitcoin ATMs in the world is a little over 3,800 with an average of 5.58 bitcoin ATMs being added daily, says CCN.

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