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Bitcoin Depot Expands, Opening 350 New Crypto ATMs - TCR


www.thecoinrepublic.com 04 May 2021 12:00, UTC
Reading time: ~2 m

  • Bitcoin Depot announces over 350 new crypto ATMs, opening across 40 states.
  • The more than 2,500 kiosks offer an instant and in-person exchange of cash for crypto in Bitcoin, Litecoin, and Ethereum.
  • Bitcoin Depot’s growth is a remarkable representation of cryptocurrency’s growing popularity and mainstream adoption.

Bitcoin Depot is the Atlanta-based largest and fastest-growing multi-cryptocurrency ATM network in the world. Announced on Monday, Bitcoin Depot is expanding. It is opening as many as 350 new crypto ATMs across the nation, revealed Cision PR Newswire. 

Bitcoin Depot: Exchange Cash For Crypto

In its quest to provide easy and convenient access to cryptocurrency transactions for all, the American company has more than doubled its kiosk footprint in just the last six months. The ‘exchange cash for crypto’ kiosks provides a simple and in-person exchange interface. With over 2,500 Crypto ATMs in 42+ states, Bitcoin Depot offers ‘instant’ cash trade in Bitcoin, Litecoin, and Ethereum. 

Growth Of Crypto ATMs

The U.S. firm’s impressive growth is a remarkable representation of cryptocurrency’s growing popularity and mainstream adoption. It even drove a surge of large convenience chains hosting crypto ATMs and many other dignitary firms to initiate acceptance of the top-rated cryptos as a direct form of payment. 

Over the last month alone, Bitcoin Depot deployed around 355 new crypto kiosks across 40 different states, which includes Florida (40), North Carolina (32), Texas (24), California (23), Georgia (20), and more. The firm expects a 200% growth this year.

Avail Crypto Option To People Worldwide

Brandon Mintz, President and CEO of Bitcoin Depot – “cryptocurrency offers opportunities” to people who don’t have access to “traditional financial services”. Essentially, the ATM kiosks allow users to “self-bank” through their phone’s digital wallet. It turns “cash into cryptocurrency” to be used in money transfers, bill payments, or investments. And with its “continued expansion,” the firm is enabling this feature to “more people across the world.”

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