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Coinsource to setup 20 ATMs in the Washington DC area


Coinsource is a Texas-based company which is making buying cryptocurrency easier. Their bitcoin ATM network has now entered the Washington DC metropolitan area and this will help American citizens in buying cryptocurrency with ease. The expansion will lead to a total of about 200 ATMs across the US by the company.

The company says the demand for ATMs is huge especially from local businesses and users. Local bookshops, restaurants and record shops have begun to accept cryptocurrency for payments. Apart from the new ATMs they city previously had approximately 5 machines being run by 5 separate operators. The ATMs will be installed in convenient locations. It has thus declared its expansion in the American capital. Coinsource plans to set up 20 ATMs in the district of Columbia and Maryland.
The ATMs will be spread across the area, including a dozen in Washington DC, five in Baltimore, one in Towson, one in Oxon Hill, and one in Takoma Park.

“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,” said CEO of Coinsource Sheffield Clark. “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.”

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CMO of Coinsource, Bobby Sharp, said, “We are expanding the Bitcoin ATM market further than it’s ever been in D.C., offering the lowest rates, exclusive remote enrollment and allowing for at-home account registration. This installment is especially significant to Coinsource, as the philosophy behind decentralized currency is and has always been about giving freedom back to the people. As a company, I feel that we have been able to provide financial freedom to the underbanked and unbanked, and I am happy to bring our services to D.C.”

Coinsource launched  10 machines in Rhode Island, New Hampshire, and Massachusetts in early February. They also introduced eight new machines in Denver, Colorado earlier this month. Coinsource currently has 182 machines across 18 American states, plus the District of Columbia.


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