Technology

Bitcoin Depot Launches Over 350 New Crypto ATMs In The United States

The Bitcoin Depot cryptocurrency ATM network has announced the launch of more than 350 crypto ATMs across the United States.

In the last month alone, Bitcoin Depot deployed 355 crypto ATMs in 40 different US states. These include 40 new kiosks across Florida, 32 in North Carolina, 24 in Texas, 23 in California and 20 in Georgia.

These ATMs are the last of the 2,500 Bitcoin Depot rolled out over the past six months. During this period, the company has more than doubled the footprint of its kiosks. The company expects 200% growth by the end of the year.

The number of Bitcoin ATMs around the world is increasing

Users of the Bitcoin Depot kiosks can exchange money for cryptocurrency. Company President and CEO Brandon Mintz said the company’s kiosks allowed users “to essentially self-bank through their phone’s digital wallet, turning their money into cryptocurrency.” . Customers can then use their crypto to transfer money, pay bills, or invest.

By March, the number of Bitcoin ATMs around the world had more than doubled year on year, reaching nearly 17,000. At this point, the number of bitcoin ATMs has grown by more than 20% in 2021. The United States United accounts for over 80% of all bitcoin ATMs, but their numbers are also increasing in Europe.

The growth of the business demonstrates the growing popularity of cryptocurrency transactions. As much as this is reflected with crypto ATMs, other companies are using cryptocurrencies as a direct payment method.

Increase in crypto payments

Last month PayPal launched “Checkout with Crypto”. This allows US PayPal customers to pay with Bitcoin (BTC), Ether (ETH), Bitcoin Cash (BCH), and Litecoin (LTC). PayPal’s mobile service app Venmo has also launched “Crypto on Venmo”. This allows their users to buy, sell, and hold cryptocurrencies in the app.

Even though companies make it easy to pay with crypto, there are a lot of companies that try to allow their customers to pay with crypto.

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