Bitcoin Depot is now one of the largest cryptocurrency ATM networks in the world. This is due to its more than five hundred ATMs in the U.S. People can create an account in the kiosks with verification within one minute for them to use cash to purchase Bitcoin, Ethereum and Litecoin locally.

According to CEO Brandon Mintz, as Bitcoin ATM keeps expanding, Bitcoin usage to carry out financial transactions and acceptance increases, and likewise makes it easier to carry out daily transactions.

The firm, based in Atlanta, has kiosks from New Jersey to California. The CEO added that the firm operates over 500 ATMs within 30 states, and is performing better than others in the industry.

Due to increasing demand for in-person cryptocurrency transactions, Bitcoin ATMs (BTMs) are one of the fastest growing industries worldwide. As cryptocurrency is nascent, ATMs are like signposts that announce the ease of purchasing Bitcoin and other digital assets.

Jon Moore, vice president of Nationwide Merchant Solutions, tweeted about a CoinFlip ATM in Elizabeth:

Stopped by @t1sportsbar to checkout the @CoinFlipATM. The #Bitcoin ATM is perfectly located right when you walk in!! This is great for adoption because everyone sees the CoinFlip machine that comes to the Bar!! #Litecoin #PayWithLitecoin @cybotcam @romancat pic.twitter.com/H0bk85F2qy — Jon Moore BTC/LTC 🔑 (@jonnylitecoin) February 7, 2020

According to an analyst known as Brian Roemmele, the amazing growth of BTM locations is one of the reasons the imminent reduction in Bitcoin rewards will be further colossal. He further said that history will reveal this was beneficial means of knowing the rapidness of Bitcoin’s prominence.