Coinsource intros proprietary bitcoin ATM software

The Coinsource bitcoin ATM network has unveiled a new in-house software stack that will significantly improve the user experience at the company's nearly 200 machines, according to a press release.

The new software replaces a third-party solution, and will reduce bitcoin transaction delays, improve QR code scans, support bill pay functionality in the near future, and introduce fee-free purchases for first time users, Coinsource said.

"The technology makes visits to our ATMs much quicker and easier," Coinsource CEO Sheffield Clark said in the release. "It also allows other digital currencies to be added onto each machine in the future. As our customer base continues to grow at unprecedented rates, we are focused on continually improving our services, as well as expanding into new cities, states, and countries across the world."

The 2018 growth strategy for Coinsource includes expansion into 25 U.S. states, for a total of 300 machines across the country. Currently the company's machines are in 15 states: Arizona; California; Connecticut; Georgia; Louisiana; Massachusetts; Missouri; Nevada; New Jersey; New York; Oklahoma; Pennsylvania; Rhode Island; Tennessee; and Texas.

According to Coinsource, there are now 2,098 bitcoin ATMs around the world, 1,352 of which are located in the U.S.

Topics: ATMs, Bitcoin, Software

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