Coinsource, the largest Bitcoin ATM networks in all of the US which operates 117 Bitcoin ATMs throughout the country, has installed yet another ATM in Arizona, local publications including ABC15 Arizona reported.
In an interview, Bobby Sharp, the co-founder of Coinsource, explained that Bitcoin ATMs are popular amongst beginner and casual Bitcoin users and traders that have difficulty at times due to the nonphysical nature of Bitcoin.
More to that, Bitcoin trading platforms and service providers are required to implement and integrate strict Know Your Customer (KYC) and Anti-Money Laundering (AML) system that demand customers to provide documents such as bank statements and licenses that may be difficult to obtain and acquire.
Sharp told ABC15, an Arizona outlet of ABC, a major US broadcasting company:
"I even had a hard time with it! It's not physical. In the beginning, there were some bad eggs who got ahold of this and there still are. But I would argue when someone pulls a twenty dollar bill out of an ATM, you don't know where that goes either
