Bitcoin ATMs Ignore Market Downturn, Rapidly Spread Throughout US Cities –

Bitcoin ATMs Ignore Market Downturn, Rapidly Spread Throughout US Cities -

Bitcoin ATMs proceed to unfold throughout the United States at a speedy clip. 

Chicago is the most recent metropolis to see a rise in ATMs supporting each the cryptocurrency market chief and varied widespread altcoins — due to an Atlanta-based firm referred to as Lux Vending, which has dropped 30 ‘Bitcoin Depot’ ATMs all through the Chicago already this 12 months.

The addition to Lux’s machines reportedly brings Chicago’s whole Bitcoin ATM rely as much as almost 100.

The fifth-most-populous North American metropolis is already a hotspot on the Bitcoin radar, with main exchanges CME Group and Cboe Global Markets already providing non-bodily-settled bitcoin futures contracts. San Francisco-based alternate big Coinbase lately arrange an workplace in Chicago, and varied cryptocurrency-oriented startups at the moment name the Windy City dwelling.

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Philadelphia additionally reportedly has almost 100 Bitcoin ATMs working in its space — a lot of that are “hidden in plain sight” in locations like Rittenhouse Square, South Philly, and Queen Villiage, in response to Philly-based Straight Up Capital’s Sean Keefe.

Keefe additionally instructed KYW NewsRadio 1060 that he expects extra enterprise to start accepting the dominant cryptocurrency because the ATM machines develop into extra widespread and extra widespread.

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