By the end of this year, the cryptocurrency giant wants to put up as many as 6,000 new bitomats in the United States and Canada. The Bitcoin Depot in question is currently the largest operator of cryptocurrency exchange machines in the world.
The company announced that over 700 bitomats have already been installed at gas stations in 30 US states under a new partnership agreement with Circle K.
The cryptocurrency ATM distributor said the expansion could give more and more people access to new finance and attract millions of new users to the cryptocurrency space.
Alona Lubovnaya (Product Director of Bitcoin Depot), said:
“Over the past year, we’ve watched cryptocurrencies enter the mainstream of large investment corporations and private banking adoption, but what about people who don’t have access to these exclusive services?”
She then added that “ATMs at Circle K stations provide very easy access to cryptocurrencies for less wealthy people who do not use banks and do not have access to financial advisors.”
How big are BitCoin Depot and Circle K?
The cryptocurrency company BitCoin Depot currently has over 3,500 bitomats in the US and Canada. Their machines allow customers to purchase over 30 different cryptocurrencies, including of course Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC). The Circle K network of stations includes over 14,000 stores in 26 countries around the world.
How many Bitomats are there in the world?
The number of bitomats worldwide that allow customers to exchange traditional currencies (so-called FIAT) for cryptocurrencies has increased significantly in recent years.
Data from Coin ATM Radar shows that there are approximately 24,000 bitomats in 75 countries. Most of them, more than 20,000, are located in the United States.
Director Lubovnaya added that the company’s mission is to bring cryptocurrencies to the masses so that the majority of the world’s population has easy access to the crypto market.
Have you already used a bitomat? Share your experience in the comments below.
26-07-2021, Mr Advice TEAM