Bitcoin Depot Launches 115 New Bitcoin ATMs In 24 U.S. States

As cryptocurrencies continue to go mainstream, Atlanta-based Bitcoin Depot, a bitcoin ATM network, has installed more than 100 Bitcoin ATMs across 24 states in the United States. 

The firm noted in a press release today that the Bitcoin ATMs will be available for use in the coming weeks. 

Bitcoin Depot’s Total BTC ATMs Surpass 2,000

Out of the 115 new bitcoin ATMs, 14 were installed across Alabama, while 13, 12, and 12 bitcoin kiosks, were cited in Minnesota, Florida, and California, respectively. 

Bitcoin Depot further allocated the remaining 64 ATMs to 20 other cities in the United States, making it easy for people to buy and sell the digital currency, and sometimes convert it to fiat.

With the launch of the new ATMs, the number of Bitcoin kiosks owned by Bitcoin Depot has surpassed 2,000 globally. The firm has also doubled its Bitcoin count in the last six months. 

Interestingly, the company said it will not slow down in adding new bitcoin ATMs across major cities, as it hopes to grow its BTC kiosks by 200% before the year ends.  

The Rise of Bitcoin ATMs Globally

The increase in Bitcoin ATM installations is fueled by the massive interest in the popular cryptocurrency in several parts of the world, including the United States.

This rapidly growing interest had resulted in the asset’s price reaching an all-time high (ATH) of above $61,000.

While BTC’s impressive run since the beginning of the year has been attributed to the entrance of institutional investors, retail players have also played significant roles. 

Retail investors are choosing BTC over fiat as they continue to lose faith in the traditional finance industry, a system that established policies blacklisting certain individuals from accessing financial services. 

Commenting on the development, Brandon Mintz, president, and CEO at Bitcoin Depot said:

“Our kiosks allow [people] to essentially self-bank through the digital wallet on their phone, by turning their cash into cryptocurrency which can be used to transfer money, pay bills or invest.”

According to data provided by CoinATMRadar, there are 16,847 Bitcoin ATMs installed across 69 countries, with the U.S. topping the list with 13,992 machines. 

The number of bitcoin ATMs worldwide has more than doubled in less than a year after Coinfomania reported that there were 8,065 machines in June 2020.