Coinsource, a leading Bitcoin ATM network, has set up its first bitcoin ATM in New Orleans, Louisiana, along with new machines in Newark and Jersey City, New Jersey, bringing its total number of machines to 35, AllCoinsNews reported.



The company now has its ATMs across seven states in the United States, including New York, New Jersey, Pennsylvania, Texas, Louisiana, Nevada and California. Considering the year so far, on an average Coinsource has installed one machine every week.



“Bitcoin was the best performing currency of 2015 and it’s only done better in 2016. With more use-cases for it every day, more and more people want to buy in. Bitcoin’s value increased by almost 20% last week alone to a 22 month high, and many experts are predicting even further growth in the future”, said Coinsource CEO, Sheffield Clark. “Our team wanted to solve the accessibility problem for bitcoin with the New Orleans community, and we are excited to offer our services to new and existing bitcoin users”.



The new, low fee Bitcoin ATM in New Orleans is located at 3402 Tulane Avenue at an Exxon Gas Station in the Mid-City area; while the one in Newark is located in Ferry Market at 156 Ferry St and the new machine in Jersey City is located at 175-77 Newark Avenue. With this, the total number of Coinsource bitcoin ATMs on the East Coast rises to 15.



Manufactured by industry leader GenesisCoin, all Coinsource bitcoin ATMs are open late and claims to offer low fees, with rates starting at 8% that get lower with higher volume purchases.