In 1 month, 14 new West Coast installations for bitcoin ATM deployer

March 14, 2017

The Coinsource bitcoin ATM network has added 14 new machines in California this month, marking its largest multimachine installation in any area, the company announced in a press release.

In 2016, the bitcoin ATM deployer added an average of 1.2 machines per week; just two months into 2017, the installation rate has climbed to 2.3 machines per week.

With the addition of six new machines in Northern California and eight in Southern California, Coinsource becomes the state's leading bitcoin ATM operator, with 32 machines active across the state and a 30 percent share of that market, the company said.

"In the past, we've seen a tremendous amount of success with our machines on the West Coast," Coinsource CEO and Co-founder Sheffield Clark said in the release. "California is currently the most densely populated state with bitcoin ATM machines, and to become the leader in this market is a proud moment for our company."

Clark said that Coinsource is especially pleased with the progress of the industry as a whole. "Machines are popping up in countries like China, Russia, South Korea, Ireland, Mexico and France, so it's great to know that accessibility to our generation's hottest asset is increasing every day."

Coinsource currently has installed 96 machines in U.S. states that include California; Louisiana; Missouri; Nevada; New Jersey; New York; Pennsylvania; Tennessee; and Texas.


Topics: ATMs, Bitcoin, Hardware, Trends / Statistics

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