More than 1,000 Bitcoin ATMs operated by LibertyX in the United States

More than 1,000 Bitcoin ATMs operated by LibertyX in the United States

  

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.

Currency search: Bitcoin search engine www.btcsearch.com

We will continue to update Blocking; if you have any questions or suggestions, please contact us!

Share:

Was this article helpful?

93 out of 132 found this helpful

Discover more

Blockchain

Destroy the bitcoin of Nakamoto! In order not to let the "fake books" be awkward, some people suggested

Today, many people on the Internet claim to be "Zhong Ben Cong" deities, such as Craig Wright, Estonian sci...

Market

Anthony Scaramucci Predicts Bitcoin Market Cap Soar to $15 Trillion Here's How!

SkyBridge Capital founder Anthony Scaramucci predicts that the Bitcoin market could reach a staggering $15 trillion, ...

Market

Research says Bitcoin consumes 64 billion kWh a year more than the whole of Switzerland

Sina US stock news Beijing time on the 5th, according to the latest estimates released by Cambridge University resear...

Blockchain

ETH fell to the $200 mark, paying attention to short-term risk

Author | Hash sent analysis team Japan is leading the creation of an international cryptocurrency payment network sim...

Blockchain

Analyst Joseph Young: The effect of Chiba Exchange option products on Bitcoin price depends on Bitcoin halving

On January 14 this year, Tim McCourt, global director of equity products for the Chicago Mercantile Exchange Group, s...

Market

What are the considerations behind the Bitcoin spot ETF of "coveted" Belmont?

BlackRock does not directly hold bitcoin. It only manages client assets and provides clients with cost-effective bitc...