RATE Group | Sheetz introduces Bitcoin ATMs, but why use a physical machine for digital currency? | N…
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Sheetz introduces Bitcoin ATMs, but why use a physical machine for digital currency? | N…

31 Jul Sheetz introduces Bitcoin ATMs, but why use a physical machine for digital currency? | N…

Posted at 01:05h in Bitcoin News by

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A man makes a purchase from a Pennsylvania Lottery machine, left, next to a Bitcoin ATM machine in a Sheetz convenience store in Pittsburgh, Tuesday, July 9, 2019. Sheetz, a Pennsylvania-based convenience store chain, is putting Bitcoin ATMs in six shops around the state and one in North Carolina, giving customers the ability to buy and sell the cryptocurrency with U.S. dollars. (AP Photo/Gene J. Puskar)

Earlier this month, Sheetz made headlines when it announced it would be adding bitcoin ATMs to five of its Pennsylvania stores. However, bitcoin ATMs aren’t new to the Pittsburgh area, or to Pennsylvania.

There are at least a dozen within 10 miles of WESA’s South Side studios, and scores more in convenience stores and gas stations across the state. 

“There are dozens of companies that make bitcoin ATMs,” said University of Pittsburgh professor Chris Wilmer, who estimated there are “probably … tens of thousands” of these ATMs in the world.

Wilmer is the editor of Ledger, an…

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