Bitcoin ATMs Are Popping Up in Great Numbers Across the US

admin Banking, Bitcoin ATM / BTM Machines, Bitcoin ATMs, Bitcoin Awareness, Bitcoin Lifestyle, Bitcoin News, Bitcoin Startups, Bitcoin Tools, CoinGreed, Crypto News 0 Comments

Since the beginning of the summer, there’s been an influx of Bitcoin ATMs (or “BTMs”) installed across the US. The past few months saw almost 20 new machines appear. Also read: The Bitcoin ATM: The Improved Teller Machine EasyBit Adds Six BTMs Across the US The EasyBit BTM network announced it has installed six new machines across four states. Headquartered in the US and Argentina, EasyBit has been gaining steam. The firm’s installed its first BTM at a Thai restaurant in Amsterdam. Now, the company operates 35 machines in nine countries. EasyBit uses both GenesisCoin and CoinOutlet cryptocurrency automated tellers. The six new BTMs are in Texas, Hawaii, Georgia, and Utah. Since its founding in 2013, EasyBit has become a reputable provider of Bitcoin-powered automated tellers. Michael Dupree, CEO, and founder of EasyBit, said at the latest install announcement: 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. ATM Provider Athena Bitcoin Continues to Grow Another Bitcoin-based ATM operator is a growing US company called Athena Bitcoin. The Chicago-based company, launched seven new BTMs this past September. Athena Bitcoin has also ramped up …

BitQuick Bids to Capture US Cash-to-Bitcoin Market

admin Exchanges, Payment Solutions Providers 0 Comments

For all the ecosystem’s advancements, buying bitcoin with cash is still a slow process, one some argue has been traditionally underserved by industry startups. BitQuick, a peer-to-peer cash-for-bitcoin startup, however, is looking to reinvigorate this dormant sector. By offering some basic bitcoin protections, BitQuick aims to serve the underbanked market while positioning itself as more secure and convenient than competitors. The idea is to eschew the hassles of in-person cash-for-bitcoin transactions, which on other services could entail the inherent risk of meeting an unknown person for monetary exchange. BitQuick CEO Jad Mubaslat believes BitQuick can position itself to capture a segment of the market that is largely ignored by industry heavyweights, telling CoinDesk: “For the buyer, you don’t have to be banked. If you don’t have a bank account, you can’t do the things Circle and Coinbase require.” How it works Using BitQuick is relatively simple: sellers list their prices on the marketplace, where the company says bitcoin sales go for a 5% premium, and wait for a matching buyer. Once a match is made, the seller places the buyer’s bitcoin into a multi-signature escrow wallet. The buyer then must go deposit cash using a provided account number into a local bank location such as a Bank …