According to a statement made late last week, the company which is popularly known for being the first to launch a U.S. bitcoin ATM, LibertyX is reportedly going to spread to 90 retail locations in Arizona and Nevada. The company has offered in-person cashier services in the southwest before but this is the first integration with GenMega machines in these places.
Genmega operates “approximately half” of the non-bank retail ATMs that would be compatible with the crypto-transaction enabling software upgrade LibertyX designed. “There are over 100,000 non-bank ATMs in the US and we hope consumers can buy LibertyX bitcoin from all of them,” CEO of LibertyX Chris Yim said.
Prior to this announcement they were operating close to a thousand bitcoin ATMs but will now operate over that amount across the country. The additional ATMs have been installed in AMPM, ARCO and Chevron gas stations, as well as select Family Dollar stores.
LibertyX has partnered with a non-bank ATM service provider, Desert ATM who will accelerate the street-level access bitcoin through user’s debit cards. Yim said inconveniences and hitches are removed by way of user-friendly Bitcoin ATMs they make. According to the company announcement, Desert ATM in the past had attempted to operate their own crypto machines but found that realizing that effectively would be easily done by the experienced LibertyX.
“We’re thrilled with the demand and enthusiasm we’ve seen from ATM operators who have been dying for a scalable, compliant, and capital-efficient bitcoin solution,” said Yim, in a statement. “There are not many crypto companies still around from 2014 and we are proud not only to have survived but thrived over the years. We have grown from that 1 ATM in Boston’s South Station in 2014 to thousands of retail locations nationwide today.”
The company has some notable milestones in time past inclusive of a 2014 launch of the first crypto ATM in America in Boston’s South Station and hiring the first bitcoin cashier two years later. By 2019 they had made another mark by enabling debit card transactions on traditional, non-bank ATMs without a hardware upgrade.
“It was a natural evolution of what we started almost 5 years ago,” said Yim, speaking about the most recent advancement. “Our goal is to make bitcoin available on every block in America.”
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