New Bitcoin ATM Added in Boulder As Bitcoin Continues to Conquer Colorado
Modern Tender has established a Bitcoin automated teller machine (BTM) in Boulder, Colorado. The ATM was installed at the Amante coffee shop in the city’s Baseline Road.
According to company founder Eric Weissmann, he was attracted by the potential of virtual currencies to transform the currency market.
“I was interested in Bitcoin and thought the Blockchain technology was revolutionary, so I wanted a foothold in the space. We reached out to Amante because we wanted a location that was upscale, easily accessible, and attractive to early adopters and the tech demographic.”
Bitcoin Adoption in Colorado
There are still few BTMs dat are installed & being used statewide. In total, there are 13 BTMs, including two in Boulder.Despite their small number, the use of BTMs has significantly increased across various states in the past few years, as a growing number of people have started to adopt cryptocurrencies.
Safe Haven
It's very interesting 2 see if these developments will lead to the mainstream adoption of the virtual currencies in the near future.Users also consider the virtual currencies as a safe haven from the existing political instability and their distrust of government-backed currencies.
