US city installs Crypto ATM at airport after accepting cryptocurrency for payments

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The US city of Williston in North Dakota is installing a cryptocurrency ATM at its international airport. “This is the first government-hosted cryptocurrency kiosk,” the city said. Williston also accepts cryptocurrencies for the payment of utility bills.

“The first government-hosted cryptocurrency kiosk”

The city of Williston, in the US state of North Dakota, on Wednesday announced a partnership with crypto-ATM operator Coin Cloud to install a cryptocurrency ATM at its Williston Basin International Airport (XWA). The city wrote:

This is the first government-hosted cryptocurrency kiosk and the first Coin Cloud installation at an airport.

“This is an ambitious step to introduce and engage the public to cryptocurrency while proactively playing a role in building the digital ecosystem,” commented City CFO Hercules Cummings. . “Although we are a small rural community, we have an impact. Taking this small step can pave the way for other government and business entities to follow suit. “

Coin Cloud’s crypto ATMs, known as Digital Currency Machines (DCM), allow users to buy and sell over 40 cryptocurrencies, including bitcoin, bitcoin cash, dogecoin, shiba inu , cardano and ether. Users can also withdraw money from their digital wallet. The city clarified that it does not act as the fund’s custodian or handle crypto transactions, pointing out that purchases and withdrawals are handled by Coin Cloud.

Cummings voiced the opinion: “Traditionally, when you buy crypto on an exchange, the transaction is directly linked to your bank through a checking account, debit card, or linked to your credit card … in crypto via the DCM means there are no recognizable fees, bank account or credit card. The deposit and withdrawal process takes place between the DCM and your digital wallet, simply in cash.

The city’s chief financial officer further explained that Williston had partnered with Bitpay in May “to accept digital currency for city utility bills.”

He noted, “Now with a DCM hosted by the municipality, we are creating a successful roadmap for the public to embrace cryptocurrency. Referring to allowing residents to pay with cryptocurrency, Cummings said:

We are the first municipality in the state of North Dakota and the third in the country to offer this service.

The city clarified that only utility bills are currently eligible to be paid with the cryptocurrency, noting that “quality assessments will be conducted and volumes assessed before migrating other bills such as landfills, permits and licenses ”.

Tags in this story Bitcoin ATM, BitPay, BTM, Coin Cloud, coincloud, Crypto ATM, Cryptocurrency ATM, dcm, williston accepts bitcoin, williston accepts cryptocurrencies, williston nd

What do you think of the town of Williston installing a crypto ATM at its international airport and accepting cryptocurrencies for utility bill payments? Let us know in the comments section below.

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