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LibertyX exceeds 1,000 bitcoin ATMs in the U.S. via new partnership

Bitcoin ATM.Dave Taylor/Flickr

Fri, 19 Jul 2019, 07:25 am UTC

LibertyX, the firm widely known for launching the first bitcoin ATM in the United States, has announced its partnership with Desert ATM, a non-bank ATM service provider, and the addition of the latter's 90 traditional ATMs in Arizona and Nevada to its existing network of bitcoin cashiers and bitcoin ATMs.

With this, the company would have 1,000 ATMs under its operations that will provide services to bitcoin enthusiasts.

In a press release, LibertyX said that new locations include AMPM, ARCO & Chevron gas stations, and Family Dollar retail stores.

Chris Yim, LibertyX CEO and co-founder, expressed his delight at the prospect of such a successful expansion. It would appear that a lot of it is due to the demand that LibertyX is seeing with regards to its services.

“We’re thrilled with the demand and enthusiasm we’ve seen from ATM operators who have been dying for a scalable, compliant, and capital-efficient bitcoin solution,” Yim said. “We’ve been heads down focused on satisfying demand for the past six months. We’re proud to share that over 1,000 active ATMs nationwide have been upgraded to allow consumers to buy bitcoin instantly via LibertyX.”

Marcus Herrera, VP of Sales of LibertyX provided more context as to just how essential the services of the company are. More than anything else, it is about providing easy access and convenience to crypto users so that they have fewer problems with using bitcoin.

“Our ATM operator partners are vital to building onramps to bitcoin and other cryptocurrencies. They have worked hard to secure the best and most convenient retail locations for consumers,” Herrera says. “We’re excited to partner with them to add what we believe will be the most exciting and highest growth product in decades, and ultimately the future of money.”

The partnership with Desert ATM will allow users to purchase bitcoin using their debit cards, CoinDesk noted.

LibertyX launched America’s first cash-to-bitcoin ATM in 2014, first bitcoin cashier in 2016, and first bitcoin-enabled traditional ATM in 2019. It announced the first-of-its-kind bitcoin ATM partnership with Genmega in November 2018 and began onboarding ATM operators in early 2019.

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