Bitstop Partners with Simon Malls
In a move that’ll make every tech-savvy shopper’s heart skip a beat, Miami-based Bitstop has teamed up with Simon Malls, the giants of the mall universe. Yes, you can now buy Bitcoin while you debate whether to buy that extra-large pretzel or yet another pair of shoes. Talk about a win-win!
Holiday Season Installations
Announced on November 26, this partnership has already birthed Bitcoin ATMs at five locations sprinkled across California, Florida, and Georgia. Andrew Barnard, the co-founder and CEO of Bitstop, expressed his thrill: “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.” So while you’re hunting down the latest gadgets, you can also stock up on some digital currency!
Impressive Expansion Plans
But wait, there’s more! Bitstop claims it’s just getting started. With a goal of adding over 500 new locations by the end of 2020, it seems their ambition is as big as your holiday shopping list.
From Airport to Mall: A Growing Network
This installment builds on Bitstop’s previous success at the Miami International Airport, where crypto enthusiasts can grab their luggage and some Bitcoin in one go. Can you imagine? Your suitcase and a little digital currency all ready to go at arrivals!
The Global Bitcoin ATM Surge
According to Cointelegraph, the global Bitcoin ATM scene has been booming lately, surpassing a whopping 6,000 machines worldwide, with a hefty 65% of them calling the United States home. But before you rush off to fill your bags with goodies AND crypto, hold your horses! Those pesky regulations are fast approaching.
Regulatory Eyes on Bitcoin ATMs
John Fort, Chief of the IRS Criminal Investigation, has raised eyebrows over potential tax implications tied to Bitcoin ATMs. He’s basically on a mission to ensure crypto kiosks toe the line with Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations. Because nothing says holiday spirit like a regulatory crackdown!
Conclusion
As Bitstop makes Bitcoin a possible impulse buy on your shopping spree, just remember, along with that perfect holiday sweater, you might want to keep an eye on your digital assets. Happy shopping and crypto investing!
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