20 Bitcoin ATM Machines to be Installed by Coinsource around Washington DC

Renita

April 16, 2018 1:44 pm

20 Bitcoin ATM Machines to be Installed by Coinsource around... | Coindelite News
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Coinsource Plans to Install 20 20 Bitcoin ATM Machines around Washington DC

The American bitcoin ATM network, Coinsource has expanded into the Washington DC metropolitan area, making it easier for the residents of the US capital for buying cryptocurrency.

Coinsource which is a Texas-based bitcoin ATM network announced its first entry into the American capital. The company plans to install around 20 machines across the District of Columbia and Maryland specifying the significant demand it received from local users and merchants. The placement of these machines will be spread conveniently depending on the locations across the area, including a dozen in Washington DC, five in Baltimore, one in Towson, one in Oxon Hill, and one in Takoma Park.

Before implementing this plan, the city already had about five machines maintained by five different operators. In addition to this, there are several local restaurants, record shops, and bookshops who have been accepting payments in Bitcoins since last year.

Sheffield Clark, the CEO of Coinsource said:

“We are meeting Washington D.C. at an inflection point, where regulators are looking at the value and potential of decentralized currencies and blockchain technology. All innovation over time has passed through our Nation’s Capital in one way or another, and we are happy to be now servicing Washington D.C. and the surrounding communities so that they can have easy access to buying and selling Bitcoin.”

The DC installation caps off a quarter of growth for the company after launching ten machines in Rhode Island, New Hampshire, and Massachusetts in early February. Additionally, Coinsource introduced eight new machines in Denver, Colorado earlier this month.

Coinsource currently has 182 machines across 18 American states, plus the District of Columbia.

Bobby Sharp, CMO of Coinsource, said:

“We are expanding the Bitcoin ATM market further than it’s ever been in D.C., offering the lowest rates, exclusive remote enrollment and allowing for at-home account registration. This installment is especially significant to Coinsource, as the philosophy behind the decentralized currency is and has always been about giving freedom back to the people. As a company, I feel that we have been able to provide financial freedom to the underbanked and unbanked, and I am happy to bring our services to D.C.”

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