Coinsource to install 20 Bitcoin ATMs across Washington following huge demand – Bitcoin News

Coinsource to install 20 Bitcoin ATMs across Washington following huge demand – Bitcoin News

New York based bitcoin ATM network Coinsource will install 20 bitcoin ATMs as it makes a grand entry into the country’s capital. The company announced that it would install the machines across Maryland and District of Columbia following huge demand from users and merchants in Washington DC metropolitan area.

Chief Executive Officer of Coinsource, Sheffield Clark said that their entry to Washington came at an important time when “regulators are considering the value and potential of decentralized currencies and blockchain technology” stressing that the capital city is pivotal innovations like this. “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,” he said.

SEE ALSO:   Ethereum Founder Vitalik Buterin, Uncovers New Idea On The Ethereum Blockchain -Mon Apr 23

Coinsource to install 20 Bitcoin ATMs across Washington following huge demand – Bitcoin News

According to the statement, about twelve out of the twenty ATMs will be located in Washington DC, five in Baltimore, one each in Oxon, Takoma Park, and Towson. Coinsource has set up several bitcoin ATMs in the country leading up to Washington. The ATM providers launched 10 new machines in New Hampshire, Massachusetts, and Rhode Island early this year before another eight installations in Colorado.

Bitcoin ATMs, a huge benefit for DC Cryptocurrency enthusiasts

Chief Marketing Officer for Coinsource Bobby Sharp noted that the installations were in line with the ethos of cryptocurrency. “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,” he explained.

SEE ALSO:   Ripple Price Prediction: Ripple can rise on fundamental expansion -Mon Apr 23

The new Bitcoin ATMs will be a huge boost for bitcoin enthusiasts in the city as Washington DC currently has only five bitcoin ATMs in addition to several businesses like shops and restaurants that accept bitcoin. Coinsource will face little opposition for supremacy in the city given that provider in the city manages only one ATM apiece. Of the magnitude of the project, Sharp said, “We are expanding the Bitcoin ATM market further than it’s ever been in D.C., offering the lowest rates, exclusive remote enrolment and allowing for at-home account registration.”

Legal Disclaimer: The content of this website ( is intended to convey general information only. This website does not provide legal, investment, tax, etc advice. You should not treat any information on as a call to make any particular decision regarding cryptocurrency usage, legal matters, investments, taxes, cryptocurrency mining, exchange usage, wallet usage, initial coin offerings (ICO), etc. We strongly suggest seeking advice from your own financial, investment, tax, or legal adviser. Neither nor its parent companies accept responsibility for any loss, damage, or inconvenience caused as a result of reliance on information published on, or linked to, from

SEE ALSO:   Bitcoin bubble or boost: $30,000 - Bitcoin price prediction 2018 from a financial analyst (BTC Forecast News) -Mon Apr 23

Leave a Comment

Get Smart About Crypto!

Promise we won’t spam you!

We Are Hiring

Click here if you would like to join one of the fastest growing blockchain news companies in the world!