The largest Bitcoin ATM network Bitcoin Depot announced that it will be launching 115 Bitcoin new ATMs in 24 states in the United States.
The 115 bitcoin ATMs that would be launched in the coming few weeks will offer financial services to underbanked communities in the United States, including 14 new ATMs in Alabama, 13 in, 12 in Florida and 12 across California.
The ATM fleets of Bitcoin Depot are growing rapidly, and has since more than doubled in the last few months with over 2,000 kiosks across the world.
According to the President and CEO of Bitcoin Depot Brandon Mintz, cryptocurrency plays a key role in servicing the underbanked populace and offers them the opportunity to be part of the financial system.
“Cryptocurrency offers a lot of opportunities for people that don’t have access to traditional financial services, like banks,” he said.
The current price of bitcoin is $54,953.63, dropping by 0.92% in the last 24 hours. Bitcoin’s current market cap of $1.03T and market volume of $53.19B. In the last 24 hours, bitcoin has dropped to $54,201.70 and experienced a 24 hours high of $57,160.98. Currently, 18,656,512.5 bitcoins are in circulation.
Stats and Image from Coin Desk
Mintz added that Bitcoin Depot aims at creating a simplified system for people to easily convert their cash into cryptocurrency using their phones.
“Our kiosks allow them to essentially self-bank through the digital wallet on their phone, by turning their cash into cryptocurrency which can be used transfer money, pay bills or invest. We are proud that our continued expansion will bring this option to more people across the world.”
The Bitcoin ATM company hopes to expand by 200% this year. This shows the increasing transactions level and interest people have in cryptocurrency.