It says it made the move due to the growing popularity of the asset.
With nearly 1,400 locations across 31 states in the US, Bitcoin of America ATMs enable customers to purchase cryptocurrencies such as Bitcoin and Litecoin. The group is now responsible for around 5% of the Bitcoin ATMs installed throughout the US.
In May, Bitcoin of America introduced a ‘Universal Kiosk’, which allows customers to purchase cryptocurrencies in three different ways.
Customers can dispense cash from a debit card, buy cryptocurrencies with cash and sell their crypto in return for cash at a BTM.
Customers can also wire payments, make payments at a store location and receive coins the same day.
The rampant growth of Crypto ATMs
However, not all citizens have embraced Bitcoin ATMs as gracefully as the US. During a recent protest against Bukele, protestors burned down a Bitcoin ATM in an effort to rebel against the acceptance of Bitcoin as legal tender in El Salvador.
Disclaimer: The views and opinions expressed by the author should not be considered as financial advice. We do not give advice on financial products.