Advertise
CoinTrust
BTC
ETH
BCH
SOL
DOGE
SHIB
  • News
  • Bitcoin
  • Ethereum
  • Altcoin
  • Market Cap
  • Learn
    • Buying Crypto
    • Crypto Mining
    • Crypto Exchanges
    • Knowledge
  • Crypto Casinos
    • Bitcoin Casinos
    • New Crypto Casinos
    • No KYC Crypto Casinos
    • Anonymous Crypto Casinos
    • VPN Friendly Crypto Casinos
    • Bitcoin Poker
    • Crypto Poker
    • Bitcoin Bingo
    • USDT Casinos
    • Offshore Online Casinos
    • Bitcoin Betting Sites
    • Crypto Sports Betting
    • Reddit’s Best Bitcoin and Crypto Casinos
No Result
View All Result
CoinTrust
  • News
  • Bitcoin
  • Ethereum
  • Altcoin
  • Market Cap
  • Learn
    • Buying Crypto
    • Crypto Mining
    • Crypto Exchanges
    • Knowledge
  • Crypto Casinos
    • Bitcoin Casinos
    • New Crypto Casinos
    • No KYC Crypto Casinos
    • Anonymous Crypto Casinos
    • VPN Friendly Crypto Casinos
    • Bitcoin Poker
    • Crypto Poker
    • Bitcoin Bingo
    • USDT Casinos
    • Offshore Online Casinos
    • Bitcoin Betting Sites
    • Crypto Sports Betting
    • Reddit’s Best Bitcoin and Crypto Casinos
No Result
View All Result
CoinTrust
No Result
View All Result

Home » US Could See 100k Regular ATMs Modified Into Bitcoin Vending Machines

US Could See 100k Regular ATMs Modified Into Bitcoin Vending Machines

Kelly Cromley by Kelly Cromley
Oct 21, 2018
in Bitcoin News, Market News, News
Reading Time: 2 mins read
0

An agreement between a traditional ATM manufacturer and a cryptocurrency sales machine company will permit buying Bitcoin at tens of thousands of areas in the United States using a debit card.

Bitcoin ATM firm LibertyX and normal ATM manufacturer Genmega have formed a joint venture that will permit the purchase of Bitcoin with a debit card at up to 100,000 US locations.

However, as Genmega caters mostly to the private ATM deployers, including the bitcoin-buying feature to the ATMs depends on the operators eagerness to provide the service. After making a request, the software will be updated to let users buy Bitcoin from the seller and transmit it to their cryptocurrency wallet.

The progress will be a boon to new clients as the Bitcoin buying process using ATMs is not vastly dissimilar from drawing fiat currency from a vending machine. According to LibertyX, building user-friendly cryptocurrency vending machines has been a top priority for the Bitcoin ATM firm from the time it was established.

Chris Yim, the co-founder and CEO of LibertyX, said

“We have been working tirelessly to make it easier to buy cryptocurrencies for the last five years and now are bringing simplicity, convenience and trust to the cryptocurrency purchasing experience.”

Currently, the number of Bitcoin ATMs in the United States is nearly 2330, which is the highest in the world, with major urban areas such as Los Angeles, Atlanta, Miami, New York and Chicago leading in coverage with more than 100 vending machines in each city. Notably, the world’s leading Bitcoin ATM manufacturer, Genesis Coin Inc, has its headquarters in the US. Genesis, according to Coin ATM Radar, has a market share of more than 32%.

Multiple factors have aided the US to become the pioneer as far as Bitcoin ATM coverage is concerned. This includes the rising level of crypto knowledge and adoption. A latest market research article has shown that this will remain the case in the predictable future.

1/2 Excited to partner with #Genmega & launch America’s first bitcoin debit ATM. We launched the first bitcoin cash ATM in 2014 & now are bringing you another first! ATM operators, learn how to earn $$$ by adding bitcoin to your ATM at the Genmega booth @NACAssociation #NAC2018 pic.twitter.com/zh0W3pIpdY

— LibertyX (@libertyx) October 15, 2018


A crypto ATM market research report released in August said

“The US is expected to continue to dominate the crypto ATM market during the forecast period owing to the presence of a large number of crypto ATM hardware and software providers and favorable investment environment (without any legal barriers).”

However, it remains to be seen how many of those 100,000 Genmega ATMs will go forward to implement the Bitcoin-purchasing feature. Even a minor percentage would significantly boost the number of Bitcoin ATMs not just in the US, but worldwide. As of now, the number of Bitcoin ATMs installed worldwide is just over 3,800 with an average of 5.58 bitcoin ATMs being instituted daily.

Previous Post

Tron Surpasses Ethereum in Daily Transactions

Next Post

One Million Ether Moved By Crypto Exchange Binance For Just 6 cents

Related Posts

Vitalik Buterin On Centralized Exchanges – ‘Burn In Hell’

Vitalik Buterin Proposes Bold RISC-V Shift for Ethereum

by Kelly Cromley
Jun 14, 2025
0

Vitalik Buterin has presented an ambitious vision for Ethereum’s technical future by proposing a shift from the long-standing Ethereum Virtual...

ripple-blockchain-adoption

XRP Ledger Ventures into Genomics with Blockchain Identity Mesh

by Kelly Cromley
Jun 14, 2025
0

The XRP Ledger has expanded its role in the decentralized ecosystem by incorporating biometric identity features through a groundbreaking innovation...

shopify-adopts-stablecoin-payments

Shopify Expands into Stablecoin Payments with Coinbase and Stripe

by Kelly Cromley
Jun 14, 2025
0

Shopify has taken a significant step toward embracing digital currencies by enabling its merchants to accept stablecoin payments through a...

XRP Price if Ripple Captures 14% of SWIFT Market Share in 5 Years

XRP Price if Ripple Captures 14% of SWIFT Market Share in 5 Years

by Mostafijur Rahman
Jun 13, 2025
0

Ripple’s vision of replacing or supplementing parts of the legacy SWIFT system is not new—but what if it actually happened...

sft-luffa-partner-for-secure-web3-messaging

SFT and Luffa Unite to Secure Web3 Messaging

by Kelly Cromley
Jun 13, 2025
0

SFT Protocol, a notable player in the decentralized finance landscape known for enabling liquidity in staked assets, has announced a...

quackai-soonchain-decentralized-gaming-partnership

Quack AI and SoonChain Join Forces to Revolutionize Decision-Making in Decentralized Gaming

by Kelly Cromley
Jun 13, 2025
0

Quack AI, an established platform specializing in artificial intelligence-driven governance solutions, has announced a strategic partnership with SoonChain, a progressive...

Next Post
One Million Ether Moved By Crypto Exchange Binance For Just 6 cents

One Million Ether Moved By Crypto Exchange Binance For Just 6 cents

  • blackrock invests in colle web3

    COLLE: Pioneering AI Web3 Platform Receives Investment Boost from BlackRock

    by Kelly Cromley
    May 13, 2024
  • Router Protocol and OpenWorldSwap Partnership to Revolutionize DEX Market

    by Kelly Cromley
    Aug 6, 2024
  • Central Bank of Saudi Arabia Teams Up with Ripple to Transform Cross-Border Settlements

    by Kelly Cromley
    Aug 17, 2023
  • GameStop’s Digital Transformation: Embracing Blockchain and NFTs

    by Kelly Cromley
    Feb 2, 2025
  • Blockchain Based Sports Platform SportsMint Unveiled

    by Kelly Cromley
    Apr 30, 2024

Recent News

Vitalik Buterin On Centralized Exchanges – ‘Burn In Hell’
Market News

Vitalik Buterin Proposes Bold RISC-V Shift for Ethereum

by Kelly Cromley
Jun 14, 2025
ripple-blockchain-adoption
Market News

XRP Ledger Ventures into Genomics with Blockchain Identity Mesh

by Kelly Cromley
Jun 14, 2025
shopify-adopts-stablecoin-payments
Market News

Shopify Expands into Stablecoin Payments with Coinbase and Stripe

by Kelly Cromley
Jun 14, 2025
sft-luffa-partner-for-secure-web3-messaging
Market News

SFT and Luffa Unite to Secure Web3 Messaging

by Kelly Cromley
Jun 13, 2025
quackai-soonchain-decentralized-gaming-partnership
Market News

Quack AI and SoonChain Join Forces to Revolutionize Decision-Making in Decentralized Gaming

by Kelly Cromley
Jun 13, 2025

Categories

  • Altcoin News
  • Analysis News
  • Binance Coin News
  • Bitcoin News
  • Blockchain
  • Blog
  • Cardano News
  • Ethereum News
  • ICO News
  • Legislation News
  • Market Forecasts
  • Market News
  • News
  • Ripple
  • Ripple News
  • Solana News
  • Tether News
  • XRP

Cointrust

  • About Us
  • Contact Us
  • Correction Request
  • Our Team

Legal

  • Disclaimer
  • Terms & Conditions
  • Privacy Policy
  • Cookie Policy

Popular

  • ICO Listings
  • Knowledge Base
  • All about Mining
  • Cryptocurrency Exchanges
  • How and Where to buy Cryptocurrency

Sitemap

  • News section
  • Sitemap
  • XML Sitemap

© 2024 CoinTrust.com.

CoinTrustCoinTrust

* DISCLAIMER: All information provided in CoinTrust is merely for informational purposes, we are not an investment advisor and not affiliated with any companies or ICO/Cryptocurrency Projects. To use this website you must accept our cookie policy, Disclaimer and Privacy Policies.

No Result
View All Result
  • News
  • Bitcoin
  • Ethereum
  • Altcoin
  • Market Cap
  • Learn
    • Buying Crypto
    • Crypto Mining
    • Crypto Exchanges
    • Knowledge
  • Crypto Casinos
    • Bitcoin Casinos
    • New Crypto Casinos
    • No KYC Crypto Casinos
    • Anonymous Crypto Casinos
    • VPN Friendly Crypto Casinos
    • Bitcoin Poker
    • Crypto Poker
    • Bitcoin Bingo
    • USDT Casinos
    • Offshore Online Casinos
    • Bitcoin Betting Sites
    • Crypto Sports Betting
    • Reddit’s Best Bitcoin and Crypto Casinos

© 2024 CoinTrust.com.

We use cookies to ensure that we give you the best experience on our website.
If you continue to use this site you agree to allow us to use cookies, in accordance with our Cookie Policy.
I Agree