Leading bitcoin ATM network Coinsource has announced the deployment of 20 new machines in the southern state of Georgia, which marked its single largest installation to date.
One of few licensed and regulated bitcoin ATM operators in Georgia, Coinsource adds to a tech-progressive region already teeming with bitcoin ATMs (101 total kiosks), making it a Top 3 US market alongside Chicago and New York. The startup has installed 18 bitcoin ATMs in the city of Atlanta and 2 machines in the nearby college town of Athens.
Coinsource said that it has installed its machines close to main roads, high foot, and vehicle traffic areas, and within close proximity of Georgia State University and Emory University in Atlanta, and the University of Georgia in Athens. With Bitcoin now trading at about $10,000 USD and payment integrations on the rise, local Georgia merchants have begun to accept it as a form of payment, including local car dealerships, restaurants, graphic design outlets, and gyms.
“This is a major opportunity not only for Coinsource but for the cities of Atlanta and Athens as well. Atlanta is one of the most mature bitcoin ATM markets in the country so it’s exciting to provide our services to people already showing accelerated adoption of the technology,” Coinsource CEO Sheffield Clark said. “Our goal is to give everyone the equal ability to access bitcoin, particularly in times of record demand, and participate in this soaring new economy. Part of making this marketplace accessible is making sure our fees are less than half that of any other operator, and customers will be given fee-free transactions for first-time use of any new machine.”
In addition, Coinsource is rolling out an online enrolment system, an industry first, that would allow new customers to sign up before they even visit a machine. Customers that enroll this way will have a fee-free experience for their first transaction.
The startup now counts 136 Bitcoin ATM machines in its network, operational in 12 states; California, Oklahoma, Nevada, Texas, Louisiana, Missouri, New Jersey, New York, Pennsylvania, Tennessee, Arizona and now Georgia. 16 of the new machines in Greater Atlanta area are buying only, while 4 have both buy and sell functionality.
