Bitcoin of America, a leading Bitcoin ATM operator in the US recently announced that it had added support for Shiba Inu on its ATMs. According to the announcement, Shiba Inu would be added at over 1800 ATMs spread out in 31 states across the country.
Details of the Shiba Inu Support
On Monday, April 4, 2022, Bitcoin of America announced that it would now support Shiba Inu (SHIB) in all its ATMs. According to the official announcement, the company decided to do it because of the coin’s growing popularity across the country.
— Bitcoin of America (@BTCofAmerica) April 6, 2022
The Bitcoin ATM Company also supports LTC, ETH, and Bitcoin. This announcement follows the announcement by the company that it would support Dogecoin back in March 2022. Bitcoin of America is a popular operator of Bitcoin ATMs and is registered as a money services business with FinCEN.
In recent years, the company has made major upgrades to its services. First, they released universal kiosks, which work like traditional ATMs and as Bitcoin ATMs concurrently. They also came up with a point of sale system for their tablet program, which lets businesses accept crypto as payment for goods and services.
The company is committed to making it easy for normal businesses to use Bitcoin ATMs. They ensure that their host locations are given a passive income, increased foot traffic, and free marketing. To ensure everything works out flawlessly, the company will handle any customer support and maintenance issues that arise.
The Rise of Bitcoin ATMs
Bitcoin ATMs have been growing in popularity in recent years. According to data by Coin ATM Radar, there are over 32,000 BTC ATMs in the US alone. As Bitcoin’s popularity has continued to grow, most of these ATMs now support a slew of crypto coins.
A Bitcoin ATM is a safer option compared to conducting an in-person transaction. Besides that, when you use an ATM, you do not need to leave your personal details, as is the case when using a crypto exchange. With their growing popularity, it means that it is now easier than ever for anyone to simply walk up to an ATM and transact as much BTC as they like.
However, it is unlikely that Bitcoin ATMs will ever replace crypto exchanges as the primary means to transact crypto. The reason for this is that exchanges offer numerous other services such as access to hundreds of coins, not to mention the convenience of buying crypto from the comfort of your phone.
Notice: Information contained herein is not and should not be construed as an offer, solicitation, or recommendation to buy or sell securities. The information has been obtained from sources we believe to be reliable; however, no guarantee is made or implied with respect to its accuracy, timeliness, or completeness. Authors may own the cryptocurrency they discuss. The information and content are subject to change without notice. Visionary Financial and its affiliates do not provide investment, tax, legal, or accounting advice.