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

Renita

Renita

April 16, 2018 1:44 pm

20 Bitcoin ATM Machines to be Installed by Coinsource around... | Coindelite News
2208 Total Views

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.”

No Comments
Bitpay includes Bitcoin Cash support to Checkout Point-of-Sale App

Bitcoin Cash support Added by Bitpay to Checkout POS App Bitcoin Cash is continuously getting more support amidst clients and service providers, with the most recent example coming from Bitpay. The service now enables merchants to acknowledgement BCH via its POS app, and settlement is awaited soon too so that …

Australia to Mine Bitcoins by reopening Coal Power Plant

Contract with Crypto Mining firm Signed by Australia to reopen Coal Power Plant A contract has been signed with the IOT Group, a cryptocurrency mining firm by Australia’s Hunter energy to reopen a coal power plant in the Hunter Valley Region of Australia. Although new and advancing technologies are largely …

Blue Check Mark on Twitter Doesn’t mean your Account is Safe

Bad Checks: Twitter’s Identity Crisis Costs Users More Than Bitcoin According to a Russian Writer, it’s one of crypto’s most generally embraced slogans, though one that’s becoming even more important on social media, where battling factions inclined on promoting the next big high-tech investment are presently turning the very symbols …

Quebec Chief Scientist says Bitcoin is not a Tool for Illegal Transactions

Bitcoin is not a Tool for Illegal Transactions, says Quebec Chief Scientist According to the reports, The Chief Scientist of Quebec Rémi Quirion said that public is worried that Bitcoin is being used for illegal activities like tax evasion and money laundering is mostly overblown. The statement provided by the …

Morgan Stanley said Bitcoin ‘Miners’ are Losing Money at any Price under $8,600

Bitcoin “Miners” are Losing Money under $8,600 says, Morgan Stanley​ Morgan Stanley’s analysts said if bitcoin can’t recuperate $8,600 soon, bitcoin “miner” will probably think that it’s unprofitable to keep creating the digital currency. According to Coindelite Price Chart, on Thursday Bitcoin traded slightly higher near $8,200. It has strived …

Bitcoin Tax day Rally is Evidently not Happening as Price Dips under $8,000

Due to the Bitcoin Price drop, Tax Day Rally is not going to Happen Bitcoin Pundits had speculated on prices recovering after the U.S. investors filed their taxes. But as the market headed into the close on Tax Day, prices drop significantly under $8000. As per Coindelite Price Chart, Bitcoin …

Press Release

shares