D.C. Residents Will Be Able to Buy Bitcoin As American Bitcoin ATM Coinsource Enters D.C.

D.C. Residents Will Be Able to Buy Bitcoin As American Bitcoin ATM Coinsource Enters D.C.

Cryptocurrency
April 18, 2018 by Bitzamp
3531
D.C. Residents Will Be Able to Buy Bitcoin As American Bitcoin ATM Coinsource Enters D.C. Bitcoin operators in Washington DC will find it easier to convert their cryptocurrencies into real money as Coinsource, the American Bitcoin ATM network, now enters DC. The Texas-based company has confirmed that it will install 20 new ATMs in the
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D.C. Residents Will Be Able to Buy Bitcoin As American Bitcoin ATM Coinsource Enters D.C.
Bitcoin operators in Washington DC will find it easier to convert their cryptocurrencies into real money as Coinsource, the American Bitcoin ATM network, now enters DC. The Texas-based company has confirmed that it will install 20 new ATMs in the District of Columbia and Maryland. This brings the total ink to around 200 machines spread across the US.

“We are meeting Washington, D.C. at an inflection point, where regulators are looking at the value and potential of decentralized currencies and blockchain technology,” Sheffield Clark, Coinsource’s CEO, said in a statement. “All innovation over time has passed through our nation’s Capital in one way or another, and we are happy to be now servicing Washington, D.C. and the surrounding communities so that they can have easy access to buying and selling Bitcoin.”

This installation responds to Bitcoin’s demand from merchants and local users. ATMs are distributed in convenience areas. A dozen will be in Washington DC itself, while another five will be in Baltimore. The remaining three will be placed in Towson, Oxon Hill and Takoma Park.
Currently, Washington D.C. has five machines being serviced by five different operators. With this deployment, Coinsource will be the largest Bitcoin ATM operating network in the D.C. metropolitan area.

Bitcoin ATMs let users buy the popular cryptocurrency without entering any personal banking information, along with letting users transfer their Bitcoins to cash. All that’s needed is a working Bitcoin wallet, which is an online-based, encrypted location where Bitcoin owners store their individual supply of the currency, to operate a Coinsource ATM. If someone doesn’t have a functional wallet, they can download Coinsource’s wallet app.


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