RATE Group | Bitcoin ATMs are pumping as Bitcoin Depot network hits a new milestone
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Bitcoin ATMs are pumping as Bitcoin Depot network hits a new milestone

07 Feb Bitcoin ATMs are pumping as Bitcoin Depot network hits a new milestone

Posted at 10:28h in Cryptocurrency News by

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Bitcoin Depot, a cryptocurrency ATM network, announced on Thursday that it now operates more than 500 ATMs in the United States. The company claims that this makes it the largest crypto ATM network in the world.

The network, which is headquartered in Atlanta, runs over 100 cryptocurrency ATMs in its home city and has expanded to over 30 states across the US since 2016.

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“The expansion of Bitcoin ATMs increases acceptance and use of bitcoin for financial transactions and makes everyday transactions easier for everyone,” the Bitcoin Depot CEO Brandon Mintz said in a press release. 

The company aims to improve access to digital finance “for underbanked communities around the United States,” according to its statement. Bitcoin Depot also said it opened over 200 ATMs last quarter and “aims to surpass 1,000 ATMs by the end of 2020.”

With the expansion,…

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