Copy link
Increase text size
Decrease text size
Link copied

Bitcoin ATMs now available in convenience stores across Arizona and Nevada

Bitcoin ATM.Dave Taylor/Flickr

Sun, 23 Jun 2019, 14:10 pm UTC

Improving access to cryptocurrency, a pilot project involving automated teller machines that process bitcoin transactions are now available in convenience stores in Arizona and Nevada. The project is courtesy of DigitalMint and the convenience store chain it partnered with is Circle K. Together, they brought about the installment of bitcoin ATMs in over 20 of the chain’s convenience stores.

This is basically the largest expansion of DigitalMint’s influence since it was founded and this also makes it the largest operator of its kind in the US, the press release notes. Both DigitalMin President & Co-Founder, Marc Grens and Circle K Stores Inc. Category Manager, Joel Konicke expressed excitement regarding the partnership.

“We are thrilled to be partnering with a respected organization like Circle K,” Grens said. “This partnership opens the door for massive expansion of Bitcoin access to new markets around the globe.”

“We are very happy to add DigitalMint as a partner and we look forward to working with their team," Konicke said. “Partnering with DigitalMint allows us to provide our customers with seamless access to Bitcoin, at a very reasonable price.”

For some context, DigitalMint already has ATMs in over 25 states via 250 machine and even in-person tellers, Coindesk reports. Each customer can conduct transactions of up to $20,000 worth of bitcoin purchases within a 24-hour period. Each transaction will come with a 12 percent charge, though, there is a possibility of reducing the fee rate.

These ATMs are also intended to make the purchase of bitcoin or even other forms of cryptocurrency easier. Simply going up to the ATMs allows for seamless crypto purchases and trading. With regards to purchasing bitcoins, customers will have to it through cash because credit and debit cards are not currently supported. For those interested in doing so through a bank wire, there is a $5,000 minimum when going with this option.

<Copyright © TokenPost. All Rights Reserved. >

To leave a comment, please sign in.
  • Bitcoin (BTC) $7,075.08 (-0.46%)
  • Ethereum (ETH) $141.44 (-0.33%)
  • XRP (XRP) $0.224600 (+0.84%)
  • Bitcoin Cash (BCH) $205.58 (-0.47%)
  • Litecoin (LTC) $43.11 (-1.64%)
  • Bitcoin (BTC) $7,075.08 (-0.46%)
Dec 14, 2019 (Saturday)
Darknet marketplace Hydra launching an ICO on Dec.16 to fund its global expansion
Dec 13, 2019 (Friday)
Crypto Technicals: Major Cryptocurrency Support Resistance Levels
Crypto Technicals: Major Cryptocurrency Daily Technical Outlook
Crypto Technicals: BCH/USD edges above 5-DMA, near-term upside likely on break above 20-DMA (211.74)
Terra launches stablecoin-powered payments service in Mongolia
Crypto Technicals: Ripple (XRP) edges higher from session lows at 0.2154, 'Hammer' at lows raises scope for minor gains
Korean cybersecurity firm partners with R3 for digital asset management and MPC technology
SEC charges Shopin’ founder with orchestrating ICO fraud; Accused deactivates social media, Telegram account
Crypto exchange Kraken looking for operations director to helm ‘special-purpose depository institution’
Twitter looks to blockchain to decentralize social media
Crypto Technicals: LTC/USD flashes signs of recovery, 'Dragonfly Doji' and 'Bullish Divergence' could support minor upside
ING bank developing custody project for digital assets: Report
Basel Committee on Banking Supervision mulls designing global prudential standard for crypto-assets
Franklin Templeton leads blockchain-based social impact platform’s funding round
Crypto Technicals: BTC/USD breaks above 50H MA, 'Bullish Divergence' could support further gains
TokenSoft submits transfer agent filing to the SEC; Decision to arrive in 30 days
Crypto Technicals: ETH/USD recovery lacks traction, upside capped at 5-DMA
Glencore joins Responsible Sourcing Blockchain Network for tracing cobalt
Grant Thornton releases second report on Cryptopia liquidation; Pulls back nearly $5M from various sources
Chainalysis launches compliance solution for Bitfinex amidst class-action lawsuit
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.