The number of Bitcoin ATMs is increasing in the Chicago area. RockItCoin, a Bitcoin company, recently installed 4 additional bitcoin ATMs in the region, raising the total to 24, according to Coin ATM Radar, Coinfox reported.



“RockItCoins goal is to become the largest player in the Bitcoin Currency exchange space. In Chicago we will be installing 10-15 more machines”, CoinTelegraph quoted RockItCoins CEO Michael Dalesandro.



“You provide us with a phone number and valid mailing address and we send you a validation code. Once you enter your validation code you have a choice to receive your Bitcoin into your digital wallet or use the printed QR code. Once you have selected how you want to store your Bitcoin you simply insert the cash, click send and get a printed receipt. The process from start to finish at the RockItCoin ATM is around 4 minutes”, he added.



Dalesandro further suggested that they will try to lower their high fees. He explained that as with any early adoption technology, initially costs tend to be on the higher side, but rising demand drives the cost and the liquidity down over time, CoinTelegraph reported.



The four new RockItCoin ATMs are located at the Food N’ Fuel petrol station in Frankfort, at Lenny's Gas N’ Go in Kankakee, in Flanagan's Bar and Grill in North Chicago and in Sherry's Food Mart in Chicago.