PRESS RELEASE: Coinsource Surpasses 200th ATM Installation in Florida Deployment

PRESS RELEASE: Coinsource Surpasses 200th ATM Installation in Florida Deployment

August 8, 2018 0 By Ray

Largest National Bitcoin ATM Network launches 17 Additional Machines in the Sunshine State

MIAMI, FL – August 7, 2018 – Coinsource, the world’s largest Bitcoin ATM operator, has added 17 new machines in Florida, surpassing the 200 machine milestone. With five machines already in Jacksonville, the network is expanding within the state to meet increasing consumer demand. This installation comes just weeks after the company’s CEO, Sheffield Clark, and CMO, Bobby Sharp, were announced as winners of the Ernst and Young 2018 Entrepreneur of the Year Southwest Award.

Coinsource is the first ATM operator to reach over 200 machines and recently announced that users can now purchase up to $5,000 USD worth of bitcoin at a time. With ATMs deployed in over 18 states, Coinsource nationally services 164 million residents in both Bitcoin purchases and sales.

CEO Sheffield Clark said, “We want people in both small towns and majors cities to have the opportunity to use our machines; we believe this installation will do just that. With increased access to cash alternatives, users have the ability to literally bank the unbanked.”

The 17 machines are located throughout the cities of Miami, Fort Lauderdale, Jacksonville, Daytona Beach, and Hialeah.

Coinsource continues to lead the industry with compliance standards and enforcement, offering full-time customer support as well as the industry’s lowest fees. By equipping its users with mobile enrollment, registration requires no more than a cell phone and government-issued state ID.

“Small business-owners and major corporations alike are adopting cash alternatives such as Bitcoin at a rapid pace. We are not only proud of the company’s growth, but the growth of the cryptocurrency market as a whole. We are pleased to meet the demand of the growing market with increased accessibility, and plan to continue expanding our reach even further, ” Clark continued.

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About Coinsource:

Coinsource is the world’s largest Bitcoin ATM network. Founded in 2015, the Texas-based company gives any person the ability to buy and sell bitcoin with US dollars at physical kiosks located around the country. Coinsource now has a portfolio of over 200 machines nationwide. They are operational in California, Oklahoma, Nevada, Texas, Louisiana, Missouri, New Jersey, New York, Pennsylvania, Tennessee, Arizona, Georgia, Rhode Island, New Hampshire, Massachusetts, Colorado, Maryland, and the District of Columbia. Coinsource prides itself in providing convenient, seamless access to the world’s leading digital currency, now with a total market capitalization of $135 billion USD. Given the rapidly evolving fintech industry, Coinsource has focused heavily on building a world-class compliance and consumer protection program, multi-tier high touch support, and a service which supports millions of unbanked and underbanked Americans. The company is planning international expansion, as well as making significant machine installations in many US states. Coinsource is rolling out its new in-house software stack, which is capable of faster, easier bitcoin transaction confirmations, as well as potential integrations with bill pay and other digital currency buy and sell functionality.