Bitcoin, Cryptocurrency And Blockchain News

Washington DC Gets Bitcoin ATMs Courtesy of Coinsource


In perhaps the most significant step forward by Coinsource of late, 20 Bitcoin ATMs are being installed in Washington DC, meaning the company has now made its mark in the nation’s capital.

Bitcoin Making its Mark in the President’s Back Garden

Despite ongoing investigations into possible long-term regulation of the crypto market, Bitcoin’s presence is growing in the capital. These 20 ATMs will add to the existing five in the city and to the growing number of restaurants and shops that accept Bitcoin as payment. The machines will be located as follows: twelve in Washington DC city, five in Baltimore, one in Towson, one in Oxon Hill, and one in Takoma Park.

This latest series of installations follows major growth within Coinsource, who now have 200 Bitcoin ATMs around the country, including 18 in Atlanta, Georgia. Sheffield Clark, Coinsource CEO, had this to say about this latest move:

We are meeting Washington D.C. at an inflection point, where regulators are looking at the value and potential of decentralized currencies and blockchain technology. All innovation over time has passed through our Nation’s Capital in one way or another, and we are happy to be now servicing Washington D.C. and the surrounding communities so that they can have easy access to buying and selling Bitcoin.

As Bitcoin travels across the states – it’s now widely usable in 19 of the 50 – it seems fitting that the largest recent spread is in the capital city itself. It certainly won’t go unnoticed by those close by, in the White House, who will be discussing regulation over the next few months.

Image Credit: Deposit Photos