Coinsource Expands Bitcoin ATM Network: A New Era for New York

Coinsource Makes Its Mark in New York

The world of cryptocurrency just got a little more exciting, as Coinsource recently installed 14 Bitcoin ATMs (BTMs) in New York City, making it their second-largest market after California. With this latest addition, Coinsource now boasts over 100 machines across the U.S., firmly establishing itself as a market leader. Talk about hitting the triple digits with a bang!

The CEO’s Bold Statements

CEO Sheffield Clark had plenty to say about this rapid growth. He stated, “Breaking triple digits was earmarked as one of our main goals for our five-year business plan but we’ve reached it several years earlier than expected.” Sounds like someone’s been on a little crypto journey of their own, and it seems like they’ve been collecting some serious Bitcoin along the way!

Transaction Fees: What You Need to Know

Now, let’s get down to the nitty-gritty. While purchasing Bitcoin through BTMs is super convenient, it can come at a price. Coinsource proudly claims to offer competitive transaction rates, which is refreshing since we’ve all heard horror stories of fees reaching up to 10% of the transaction amount for other providers. Just remember: sometimes, a little convenience can lighten your wallet faster than you can say “blockchain.”

California vs. New York: The Battle of the BTMs

California remains Coinsource’s largest market, housing 34 of their machines. Yet, New York isn’t far behind. The big apple might just be on track to catch up. Who will definitively take the crown as the leading market?

What Lies Ahead for Coinsource?

With such ambitious plans, it’s clear that Coinsource is just getting started. “We have many more surprises in the pipeline for 2017 and are currently conducting the groundwork for rapid expansion across the country.” If they’re this excited now, we can only imagine what’s in store for the future. Spoiler alert: we expect more BTMs, more competition, and perhaps a sprinkle of cryptocurrency magic.

A Global Phenomenon

It’s not just New York riding the Bitcoin wave. Data from CoinATMRadar highlights that the number of BTMs globally is nearing 1,150, operated by 212 companies across 57 countries. It seems that cryptocurrency isn’t slowing down anytime soon. Interestingly, Russia has also stepped into the realm of BTMs with three machines currently running. Who knows? Perhaps one day we’ll be exchanging Bitcoin over borscht.