Tag Archives: Bitcoin ATMs

Hyosung America is joining hands with Digital Mint, a premier cash-to-crypto platform, so it can launch a new API-based app store. Digital Mint Is Looking to Ensure Safe Access to Crypto The big clincher with Digital Mint is that customers can purchase bitcoin instantly at both ATM and teller locations throughout the U.S. The company also has its own software companies can implement if they are interested in engaging in bitcoin sales. Founded in the year 2014, Digital...

Bitcoin ATM provider Chain Bytes has set up a new machine in the Mexican Senate building. The company is working with bitcoin ATM manufacturer Axolotl Bitcoin to establish the machine’s presence and lead the efforts of Mexican Senator Indira Kempis as a means of establishing bitcoin as official legal tender within the country’s borders. Chain Bytes Establishes Bitcoin ATM for Mexican Lawmakers Eric Grill – the CEO of Chain Bytes – explained in a recent interview: We are...

A man has been charged with running several illegal bitcoin and crypto ATMs in New York that were set up in laundromats throughout the state. Robert Taylor, 35 years of age, has been charged with criminal tax fraud in the third degree, offering false instruments for filing in the first degree, and operating an unlicensed transmission business. Robert Taylor Has Been Charged with Running Illicit BTC Kiosks The bitcoin kiosks working under Taylor are believed to have...

The Financial Conduct Authority (FCA) – the monetary watchdog of the United Kingdom – has issued a statement condemning all bitcoin and crypto ATMs as illegal. The organization is now ordering all crypto ATMs operating in the country to be shut down immediately. The FCA Isn’t a Fan of Crypto ATMs The FCA has long been a crypto hater, claiming that the industry is not regulated and thus presents too many risks to investors. It has worked hard to ensure that the industry...

Bitcoin and cryptocurrencies are becoming far more popular as of late, but as this space grows, it is becoming clear that cash is still at the top of the financial ladder. Fiat currencies like USD are the primary tools that Americans rely on, and Coinme – a digital currency platform – is recognizing this. Thus, the company wants to make transfers between both cash and crypto as smooth and as easy as possible. Coinme Still Believes Cash Is at the Top Neil Bergquist – the...

It looks like fraud involving digital currency ATMs in the U.S. is shooting through the roof. Now that the entire space is worth approximately $3 trillion, many illicit players are seeking to take advantage of those who have saved up their assets, and ATMs are playing a huge role in the jump in crime. Crypto Fraud Using ATMs Has Gotten Bad There are more than 26,000 crypto-based ATMs in the U.S. alone. When one considers that there were only a little more than 4,000 in...

Walmart is partnering with coin kiosk company Coinstar. The firm is setting up digital currency kiosks throughout several Walmart stores in the United States to give new customers access to digital currencies like bitcoin. Walmart Is Pushing Bitcoin Forward Coinstar has joined hands with a firm known as Coinme, a digital currency wallet company that offers crypto ATMs. This has empowered Coinstar machines to provide customers with a convenient and fast way to trade and...

Bitcoin ATM operator Coin Flip is growing like crazy. The company is now opening a new office in the old Post Office area of Chicago, Illinois. Coin Flip Is Getting Really Big Beginning in the year 2015, Coin Flip has become one of the largest and fastest-growing crypto ATM firms in the country. At the time of writing, the enterprise employs more than 200 employees and is looking to add even more by the end of 2021. The company has recently earned a big grant from the...

El Salvador was serious when it said it was making bitcoin a legal currency within its borders, and anyone who didn’t believe the nation’s regulators are likely getting a good kick in the pants right about now. El Salvador Is Moving Up the Crypto Ladder The Central American country has begun rolling out bitcoin ATMs to begin allowing individuals to trade their crypto for fiat and vice versa. Thus far, about 200 separate machines have been installed. The country is still...

Oscar-winning screenwriter and director Spike Lee – famous for films like “Malcolm X” – is getting involved in the cryptocurrency scene. New Coin Cloud Commercials Will Feature Spike Lee Lee has agreed to appear in a series of commercials for digital currency kiosk company Coin Cloud, which allow users to purchase virtual assets such as bitcoin. Lee says he has learned his lesson about not getting involved in speculative or new industries given that he had an opportunity...