According to a statement released on Wednesday, LibertyX, the company that launched the first bitcoin ATM in the US, will expand its business to 90 retail outlets including Arizona and Nevada.
Through this initiative, LibertyX now operates more than 1,000 Bitcoin ATMs throughout the United States. The latest additions include AMPM, ARCO and Chevron gas stations, as well as select stores of Family Dollar stores.
In cooperation with the non-bank ATM service provider Desert ATM, users will be allowed to use Bitcoin on the street via a debit card. LibertyX CEO Chris Yim said that the convenience and simplicity of Bitcoin ATM eliminates some of the barriers to consumers using cryptocurrencies.
This is not the first milestone in the company's development process. In 2014, the company launched its first cryptocurrency ATM at South Boston, USA. In 2016, the company hired the first bitcoin cashier. In 2019, it became the first company to implement debit card transactions on non-traditional ATMs, and the integration of this service did not require hardware upgrades.
When talking about the company's recent progress, Yim said, "In the past five years, our company has developed rapidly. Our goal is to make Bitcoin available in every block of the United States."
Although LibertyX previously provided on-site cashier services in the Southwest, this is the first time the company has integrated its equipment with Genmega in Arizona and Nevada.
Genmega operates "approximately half" of the non-bank retail ATM business, which will be compatible with LibertyX-designed software that supports encrypted transactions. Yim said, “There are more than 100,000 non-bank ATMs in the US, and we want consumers to buy Bitcoin from all of these ATMs.”
For customers who require KYC to review, the Bitcoin transaction limit is set to $3,000 per day.
According to the company's statement, in the past, Desert ATM tried to develop its own encrypted ATM machine, but finally found that LibertyX can experience this function effectively and effectively.
Yim said in a statement, "We are excited about the needs and enthusiasm of ATM operators. They have been eager for a scalable, compatible and capital efficient bitcoin solution. From 2014 to now, there are not many encryption companies that can last long. We are proud of the fact that over the years, we have not only survived but also thrived. We have grown from an ATM at Boston South Station in 2014 to thousands of retail outlets nationwide today."
In June of this year, DigitalMint, a competitor that produces Bitcoin ATM, has expanded its operations to 20 locations in Arizona and Nevada.
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