ATM (automated teller machine) is an electronic device that is used by financial services to provide various operations for their customers. The most commonly used ATM transactions are cash deposits and withdrawals, transferring funds and obtaining account information. Some current ATMs are also capable of performing such operations as selling train and lottery tickets, offering an opportunity for charitable donations and retailing concert tickets. The outburst of the popularity of cryptocurrency has also influenced ATMs and led to the development of cryptocurrency ATMs. The most popular of them is, of course, Bitcoin ATMs that allow people to exchange Bitcoin for cash, but one can also find Litecoin and Ethereum ATMs. However, crypto ATMs are not an ATM in the traditional sense, as it is not connected to a bank account, but to the Bitcoin exchange itself.
Bitcoin ATM firm Bitstop partnered with the largest American shopping mall operator Simon Malls to install a Bitcoin ATM at several of its locations.
Bitcoin ATM Firm Partners With Largest Shopping Mall Operator in US
The number of Bitcoin ATMs that allow people to buy BTC and often other cryptocurrencies has now surpassed 6,000 worldwide.
Bitcoin ATMs Worldwide Hit New Milestone, Surpassing 6,000
Internal Revenue Service Criminal Investigation Chief John Fort said that the regulator is looking into potential tax issues caused by Bitcoin ATMs and kiosks.
IRS Criminal Investigators Looking Into Bitcoin ATMs and Kiosks
Miami International Airport now hosts a Bitcoin ATM, which the operator hopes will help Latin American travelers, in particular, exchange money.
Miami International Airport Gets Its First Bitcoin ATM
Coinme, a global leader in cryptocurrency ATMs, has announced $1.5 million in funding from Ripple’s Xpring and the Blockchain Finance Fund.
Major BTC ATM Network Garners $1.5 Million From Xpring and New VC Fund
According to data from Coin ATM Radar, Venezuela has finally gotten its first Bitcoin ATM in a small town near the Colombian border.
After Multiple False Starts, Venezuela May Have Its First Bitcoin ATM
Global peer-to-peer Bitcoin marketplace Paxful and Colombia-based blockchain company Coinlogiq, will bring 45 new crypto ATMs to Colombia and Peru.
Paxful Joins Forces With CoinLogiq to Bring Crypto ATMs to Columbia and Peru