Digital Banking

ATMIA launches forum for crypto ATM deployers

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February 3, 2021

The ATM Industry Associationhas launched a cryptocurrency ATM Deployers Forum, a focus group dedicated to the special needs, issues and concerns of the increasingly influential crypto-currency industry, according to a press release.

"Given the diverse and growing global growth of cryptocurrency dispensing ATMs, the need for systematic cooperation among these specialized deployers has never been greater. There is a heightened need for best practices and for advocacy and liaison with regulators, to ensure this vital new sector of the industry can be truly optimized", Mike Lee, CEO and president of ATMIA said in the release.

The initial members of the forum include: Bitstop, Bitcoin of America, Bitcoin Depot, Coinflip, Genesis Coin, Liberty-X and Powercoin. Additional members from the kiosk manufacturing industry include: Genmega, Kiosk Information Systems, Nautilus USA and Olea Kiosks.

"The Mission of the Cryptocurrency Deployers Forum, as a global deployers body, is to govern its activities and its working groups in a transparent, non-competitive way. The main objective is to strategically gather and align cross-industry intelligence for security professionals and stakeholders," said David Tente, executive director for North America, ATMIA, said in the release. "This will result not only in understanding the emerging global landscape for BTM deployments, but also in proactively designing responses to ongoing potential government regulations as well as to combat any future security threats against dispensing ATMs."

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ATM Industry Association (ATMIA)

The ATM Industry Association, founded in 1997, is a global non-profit trade association with over 10,500 members in 65 countries. The membership base covers the full range of this worldwide industry comprising over 2.2 million installed ATMs.

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