Bitcoin Cash is revolutionizing the ATM for cryptocurrency to change markets, industries, and the masses’ relationship with digital currency, one company has established itself as a vital component to cryptocurrency adoption; that company is Bitcoin Depot. Cash is no longer king, as crypto-ATMs are looking to convert physical fiat into decentralized cryptocurrency, money that puts the power into the hands of the people rather than institutions.
Bitcoin Depot recently reached the 160 ATM mark with an install rate of over 7 ATMs per month. That number is expected to reach 200 by the end of the year as more and more ATMs are installed in new markets. It is not unrealistic to predict that by 2020 Bitcoin Depot will have over 1,000 BTMs Worldwide.
California, which currently has 436 ATMs, is the number 1 destination for Bitcoin ATMs. The market is so attractive that Bitcoin Depot added 20 crypto ATMs in southern California in only a month. Based in Atlanta, Bitcoin Depot has over 150 ATMs making it one of the largest bitcoin ATM companies in the world. With over 50 ATMs in Atlanta alone, the company saw a need to take over the California market. Brandon Mintz, president of Bitcoin Depot, has said that“California has always been the frontrunner of technological adoption, realized that we had to move into the LA and San Diego markets as quickly as possible”.