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Coinsource to Install 20 Bitcoin ATMs in Washington DC Area

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The accessibility of bitcoin would become a whole lot easier for people in Washington DC as the American bitcoin ATM network, Coinsource, is getting ready to install 20 bitcoin ATM machines in the metropolitan area.

Coinsource, a company based in Texas, announced its first foray into the American capital. The company would be setting up 20 machines across the District of Columbia and Maryland.

It explained that it received substantial demand from local users and merchants. The machines will be spread out in different convenient locations across the area, including a dozen in Washington DC, five in Baltimore, one in Towson, one in Oxon Hill, and one in Takoma Park.

Before this happened, the city had about five machines being serviced by five various operators. In addition, several local establishments have been accepting bitcoin as payment since the start of last year.

“We are meeting Washington D.C. at an inflection point, where regulators are looking at the value and potential of decentralized currencies and blockchain technology,” said the CEO of Coinsource, Sheffield Clark.

“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.”

The DC installation concludes a quarter of aggressive expansion for the company after initiating 10 machines in Rhode Island, New Hampshire, and Massachusetts in early February. Additionally, Coinsource led the installation of eight new machines in Denver, Colorado earlier this month. Coinsource at the moment has 182 machines across 18 American states, plus the District of Columbia.

CMO of Coinsource, Bobby Sharp, said:

“We are expanding the Bitcoin ATM market further than it’s ever been in D.C., offering the lowest rates, exclusive remote enrollment and allowing for at-home account registration.

“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. As a company I feel that we have been able to provide financial freedom to the underbanked and unbanked, and I am happy to bring our services to D.C.”

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