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ATLANTA, June 23, 2021 / PRNewswire / – Over the past few years, Bitcoin and other cryptocurrencies have experienced massive growth. In the past year alone, Bitcoin prices have risen from around $ 10,000 to an all-time high of $ 64,000 in recent weeks. Meanwhile, Ethereum’s market capitalization has reached hundreds of billions of dollars as platforms built on its network become more common. Along with this growth, Bitcoin Depot, the largest and most dynamic crypto ATM network, has seen a similar trend in the financial technology industry.
Bitcoin Depot is the largest and fastest growing ATM operator? With over 3,000 locations, we’re bringing crypto to the masses.
In the eight years since the deployment of the first crypto ATM, the industry has grown to over 19,000 such machines around the world from nearly 600 operators. Over the past 12 months, the number of ATMs around the world has increased 155%, according to Coin ATM Radar. In fact, Bitcoin Depot is expected to have 6,000 ATMs installed by the end of this year.
“The business case is there, proving the potential of this industry,” said Brandon Mintz, President and CEO of Bitcoin Depot. “Bitcoin is a hedge against inflation due to its limited availability. We have seen it as its value has grown exponentially over the past year. CryptoATMs will only increase demand as consumers from all walks of life looking to invest and use crypto in their daily life to make payments, send funds etc. I expect our ATMs to be as widespread as regular ATMs in the next few years years. “
Crypto ATMs offer consumers the ability to exchange money for cryptocurrency, enabling quick and easy transactions that give users immediate access to this new ecosystem. Meanwhile, ATMs offer retailers and other partners a cost-effective alternative to traditional ATMs. As a result, Bitcoin Depot has worked with some of the largest convenience and grocery chains in the world.
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About Bitcoin Depot Bitcoin Depot is the world’s largest cryptocurrency ATM network based in Atlanta, Georgia. The company’s mission is to provide the easiest, most convenient, and fastest cryptocurrency transactions, ultimately bringing crypto to the masses. The network of over 3,000 crypto ATMs allows users to instantly purchase over 30 different cryptocurrencies. Learn more at www.bitcoindepot.com, as well as on Facebook, Twitter and Instagram.
Contact: Lindsey Harrison6307301808[email protected]
SOURCE Bitcoin deposit
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