Bitcoin ATMs at the Largest Network of US Shopping Centers

November 27, 2019, by Marko Vidrih on ALTCOIN MAGAZINE

Miami-based Bitcoin ATM provider Bitstop has partnered with Simon Malls, the largest US retail chain, to install its devices in multiple locations.

According to the company, it has already installed Bitcoin ATMs at five Simon Malls centers in California, Florida and Georgia. Bitstop CEO Andrew Barnard said the partnership was set up ahead of the holiday season.

“With the strategic timing of this new installation of Bitcoin ATMs at Simon Mall locations, customers can conveniently buy Bitcoin while doing their Black Friday and Christmas holiday shopping,” he said, adding that many visitors to shopping centers do not understand the principles of blockchain technology and never registered Bitcoin wallets. Barnard hopes crypto ATMs will help introduce a new audience to digital assets.

According to Barnard, the company works in full compliance with the requirements of regulators and plans to expand the network of Bitcoin ATMs to more than 500 points by the end of 2020. In mid-October, the company installed one of its devices at Miami Airport.

The data collected so far by Bitstop indicate that among its customers there is a wide variety of people who buy Bitcoins both for investment and as a means of payment. The average purchase size is $160.

Bitstop is one of the oldest suppliers of Bitcoin ATMs in the USA and serves 130 devices, however, it is inferior to some other brands, for example, LibertyX, which already installed more than a thousand crypto ATMs.

Author: Marko Vidrih