US Company Bitcoin Depot Expands ATM Coverage in 40 States
Bitcoin Depot, which runs a growing network of crypto teller machines in the U.S., has added 355 new kiosks only in the past month. In March, it announced the launch of 115. Its ATMs allow registered users with a wallet to acquire cryptocurrency. For amounts of less than $250, providing a phone number will be enough for identity verification.
The Atlanta-based company says it has installed over 2,500 crypto ATMs worldwide, most of which are in the U.S. The latest batch of 355 machines have been deployed in 40 U.S. states, 20 of which are in its home state of Georgia, 40 in Florida, 32 across North Carolina, 24 in Texas, and 23 new kiosks across California. Most locations are open 24/7.
19,000 ATMs Around the World Offer Access to Cryptocurrencies
Many other companies work in the same direction globally and BATMs have increased exponentially over the past year. According to data compiled by the tracking website Coinatmradar, there are now over 19,300 ATMs and tellers providing crypto-fiat exchange services in 73 countries, almost double the number registered in September 2020.
