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Coinsource surpasses 200th bitcoin ATM installation with 17 new machines in Florida

Mon, 06 Aug 2018, 09:50 am UTC

Leading bitcoin ATM operator Coinsource has surpassed the 200 machine milestone with the addition of 17 new machines in Florida.

With five machines already installed in Jacksonville, Coinsource said it is expanding its network within the state to meet increasing consumer demand. The new machines are located throughout the cities of Miami, Fort Lauderdale, Jacksonville, Daytona Beach, and Hialeah. With this, Coinsource has become the first ATM operator to reach over 200 machines.

Coinsource recently announced that users can now purchase up to $5,000 USD worth of bitcoin at a time. With ATMs deployed in over 18 states, Coinsource nationally services 164 million residents in both Bitcoin purchases and sales.

“We want people in both small towns and majors cities to have the opportunity to use our machines; we believe this installation will do just that. With increased access to cash alternatives, users have the ability to literally bank the unbanked,” CEO Sheffield Clark said.

This installation comes just weeks after the company’s CEO, Sheffield Clark, and CMO, Bobby Sharp, were announced as winners of the Ernst and Young 2018 Entrepreneur of the Year Southwest Award.

“Small business-owners and major corporations alike are adopting cash alternatives such as Bitcoin at a rapid pace. We are not only proud of the company’s growth, but the growth of the cryptocurrency market as a whole. We are pleased to meet the demand of the growing market with increased accessibility, and plan to continue expanding our reach even further,” Clark added.

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