With D.C. bitcoin ATM installation, Coinsource network nears 200 mark
Bitcoin ATM network operator Coinsource has announced its expansion into the nation's capital with the planned of installation of 20 bitcoin ATMs in Washington, D.C. and the neighboring Maryland area.
This installation caps a successful first quarter for the company, which launched 10 machines in Massachusetts, New Hampshire and Rhode Island in early February. And just last week, Coinsource placed eight new machines in the Denver market, a company press release said
"We are meeting Washington D.C. at an inflection point, where regulators are looking at the value and potential of decentralized currencies and blockchain technology," Coinsource CEO Sheffield Clark said in the release. "All innovation over time has passed through our Nation's Capital in one way or another, and we are happy to be now servicing Washington D.C. and the surrounding communities so that they can have easy access to buying and selling Bitcoin."
With this latest deployment, Coinsource will become the largest bitcoin ATM operating network in the D.C. metropolitan area. Several local restaurants, bookshops, and record shops accept bitcoin as payment; the district has previously been served by five bitcoin machines operated by five different providers.
With the addition of the D.C. market, Coinsource now operates 182 machines. The company has machines in 19 states, including: Arizona; California; Colorado; Delaware; Georgia; Louisiana; Maryland; Massachusetts; Missouri; Nevada; New Hampshire; New Jersey; New York; Oklahoma; Pennsylvania; Rhode Island; Tennessee; and Texas.