The firm behind America’s first Bitcoin (BTC) automated teller machine (ATM), LibertyX plans to add 90 new machines to its network, according to a report by global ATM market publication ATMmarketplace on July 18.
A step towards expanding its network, Boston-based LibertyX partnered DesertATM, an independent ATM operator for the said ATMs. Within the partnership, DesertATM will upload LibertyX on 90 of its Genmega ATMs so as to allow Bitcoin operations. As per the press release, the locations of the New Bitcoin ATMs will include gas stations such as AMPM, ARCO & Chevron, as well as Family Dollar retail stores.
LibertyX teamed up with an ATM supplier serving the Independent ATM Deployment market, Genmega in October 2018, that will allow users to use their debit cards to purchase Bitcoin at any BTC-enabled Genmega machine.
Chris Yim, the CEO of LibertyX elaborated that the firm is partnering with ATM operators that already has locations to offer LibertyX services on their machines. As per Yim, the firm’s network currently span across 43 states, allowing users to buy Bitcoin from a cashier or ATM using their debit card or a kiosk, with a limit of $3,000 of Bitcoin at a time.
LibertyX recently obtained a BitLicense issued by the New York State Department of Financial Services in January 2019 alongside stock and crypto trading app Robinhood.
Image Source – LibertyX Twitter
Cryptocurrency Market Update