RATE Group | Bitcoin ATMs coming to San Antonio. What does that mean for cryptocurrency?
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Bitcoin ATMs coming to San Antonio. What does that mean for cryptocurrency?

04 Oct Bitcoin ATMs coming to San Antonio. What does that mean for cryptocurrency?

Posted at 15:53h in Cryptocurrency News by

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Inside of an unassuming convenience store along Callaghan Road sits an ATM that’s likely different than any you’ve used before.

The machine allows users to buy and sell Bitcoin, the cryptocurrency widely known for its volatile value — as well as the ardent support it enjoys from cryptocurrency enthusiasts and the intense skepticism many business leaders and academics have toward the digital currency.

San Antonio currently has about 31 cryptocurrency ATMs — largely located in gas stations and convenience stores — that are owned by several different operators. They allow users to create an account, then buy and sell Bitcoin for a fee, typically between 5 and 20 percent, according to Coin ATM Radar, a site that tracks installation of the ATMs globally.

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