Categories: CryptoNews

EasyBit Launches New Bitcoin ATMs Across Four Different States

Bitcoin ATMs remain an attractive business model for many companies all over the world. EasyBit, a lesser known company in the Bitcoin world, is also working on building their emporium of Bitcoin ATMs. Six new Bitcoin devices were brought online earlier this week, spanning four different US states, a significant boost for Bitcoin adoption, although the company is once again targeting the developed region.

More Bitcoin ATM Competition In The US

One would almost start to wonder how many Bitcoin ATMs are needed in the United States. With over half of all global Bitcoin teller machines active in the country, things are shaping up in a very competitive nature. EasyBit wants to grab their slice of the pie, and they are targeting different states in the process.

By bringing six new ATMs online across four different states, things are looking quite good for the Bitcoin company. Machines are being operated in Utah, Texas, Georgia, and Hawaii. All of these states could use some more Bitcoin efforts, and these ATMs will make it easier for consumers and enterprises to exchange cash for cryptocurrency.

EasyBit has been making a name for itself on an international scale, though. The company operates nearly three dozen different Bitcoin teller machines in nine countries. They work closely together with GenesisCoin and Bitaccess, both of which are prominent players in the Bitcoin ATM race.

Michael Dupree, CEO, and founder of EasyBit, told the media:

Related Post

“We’ve observed that adding a bitcoin ATM greatly improves bitcoin adoption in these communities. Our host locations often see better foot traffic and increased revenue after putting in a bitcoin ATM, making it a win-win for everyone.”

There is one thing to take into consideration for companies looking to venture into the Bitcoin ATM world. There seems to be more interest from regulators to tighten the rules for operating Bitcoin vending machines and kiosks in the US. For now, however, nothing has been set in stone yet.

Image credit 1

If you liked this article, follow us on Twitter @themerklenews and make sure to subscribe to our newsletter to receive the latest bitcoin and altcoin price analysis and the latest cryptocurrency news.

JP Buntinx

JP Buntinx is a FinTech and Bitcoin enthusiast living in Belgium. His passion for finance and technology made him one of the world's leading freelance Bitcoin writers, and he aims to achieve the same level of respect in the FinTech sector.

Share
Published by
JP Buntinx

Recent Posts

Ondo Facilitates Big Banks’ Connection to Blockchain in Historic Settlement

A crucial development is taking place at the intersection of legacy finance and blockchain as…

2 hours ago

Morgan Stanley Adds Crypto Trading To E*Trade With Aiming Millions Of Retail Investors

Morgan Stanley is taking a big step into digital assets space with the launch of…

3 hours ago

Brian Armstrong Sets Course for AI-Driven Transformation As Coinbase Cuts 14% of Workforce

Coinbase is about to undergo one of its largest structural reorganisations in some time, with…

13 hours ago

$150M Crypto Ponzi Scheme Crumbles, Forming Global Fraud Network As Investigators Freeze $41.5M

The suspicious DSJ Exchange (DSJEX) and BG Wealth Sharing scheme, now confirmed a Ponzi operation,…

13 hours ago

BlackRock And Fidelity Lead $532 Million In Institutional Bitcoin ETF Inflows As Demand Soars Following Ceasefire

Demand from institutions is heating up again, with U.S. spot Bitcoin ETFs logging a tally…

1 day ago

Western Union Launches USDPT Stablecoin on Solana to Transform Global Payments Infrastructure

Western Union expands its participation in the digital asset ecosystem with USDPT, a Solana native…

2 days ago