Coinsource has expanded its Bitcoin Teller Machine (BTM) network to upstate New York, after an approval for a BitLicense in the city last month.
This brings its BTMs closer to college campuses in Syracuse, Buffalo, and Albany. The company has also installed additional ones in North Carolina, Virginia, Maryland and Delaware, building upon 200+ machines in 23 states.
“We started Coinsource because we believed in the power of Bitcoin, and its accessibility to those whose access to financial institutions has been hindered. Now that New York State regulators have given us the seal of approval, it is our hope that New Yorkers across the state will seize the opportunity to access the digital asset class of the future,” says Sheffield Clark, CEO of Coinsource.
Arnold Spencer, General Counsel for Coinsource, comments: “This expansion is not only a step in the right direction for mainstream adoption, but should also be seen as a case study for other companies to make every effort to remain compliant with current regulations. We are forever grateful to the State of New York for providing us with the opportunity to expand — a clear signal of the state’s forward-thinking mindset.”
“We are dedicated to operating within all 50 states, and fully expect our expansions to continue as the technology matures and the general public begins to understand and utilise cryptocurrency to a greater degree. We are excited to be one of the pioneering companies providing individuals with access to the future of finance,” he concludes.
Disclaimer: The views and opinions expressed by the author should not be considered as financial advice. We do not give advice on financial products.