As part of a pilot program across Arizona and Nevada, DigitalMint has reportedly installed bitcoin kiosks at 20 Circle K convenience stores. DigitalMint is an American financial services company founded in 2014 that specializes in providing Bitcoin ATMs and teller locations. They offer a cryptocurrency trading platform with over the counter services. Founded in 1951 in El Paso, Texas, Circle K Stores Inc. is a Canadian-owned American multinational chain of convenience stores that with over 15000 locations worldwide.
A partnership between these two companies was formed for the purpose already stated and it sits perfectly but definitely, digital mint must be honoured to work with the renowned and longstanding Circle K. In the release DigitMint’s president Marc Grens said, “We are thrilled to be partnering with a respected organization like Circle K,” and added “This partnership opens the door for massive expansion of bitcoin access to new markets around the globe.”
Since Digitmint was founded five years ago they had experience set back that let to them to file for bankruptcy before being taken over. They can easily be considered as a startup since this partnership represents the largest expansion for the crypto platform since then. The company has established either ATM or in-person teller branches to 250 locations in 25 states in five years.
Usually, Bitcoin ATM kiosks that allow a person to purchase Bitcoin by using cash or debit cards and some Bitcoin ATMs offer bi-directional functionality (both the purchase of Bitcoin as well as the sale of Bitcoin for cash). ATMs established by DigitalMint allow consumer access to buy and trade up to $20,000 bitcoin, ethereum, and litecoin per day. 12 percent of a transaction is charged by the company, though rate reductions are available according to the company’s website.
Category manager at Circle K Stores Inc Joel Konicke said, “Partnering with DigitalMint allows us to provide our customers with seamless access to Bitcoin, at a very reasonable price,” according to the release. Since the company does not accept debit or credit cards Purchases must be made with cash. Bitcoin can, however, be purchased through bank wire, but the company sets a $5,000 minimum. Additionally, there are approved customers that can have transaction limits pushed above $1 million.
In Arizona, the bitcoin ATMs are located in Phoenix, Mesa, Tempe, Tucson, Flagstaff, Surprise and Maricopa while in Nevada, the ATMs can be found in Las Vegas.
Credits – Daniel KuhnJOIN OUR COMMUNITY