• Jul. 24, 2017, 1:50 pm

Coinsource adds first Arizona ATMs

Bitcoin ATM network Coinsource has expanded into Arizona by placing five machines in the Phoenix Metropolitan Area. That brings 2017’s total to 50 new machines added to a network that is now 116 machines in size across 10 states.

The five machines are all GenesisCoin 1-Way Bitcoin ATMs with a seven per cent buy fee. The Phoenix proper locations are D&S Market, 2340 N 32nd St., Simon Chevron, 1901 W Bethany Home Rd., and Speedy Stop Food Store, 5033 S 16th St.. Mesa’s can be found at the Max Mart at 735 E McKellips Rd., and Peoria’s is located at the Cactus Shell at 6730 W Cactus Rd.

“We are really excited about our reach into Phoenix, one of America’s largest metropolitan areas geographically, and the fifth largest by population,” Coinsource cofounder and CEO Sheffield Clark said. “We simply addressed a market need there and we are proud to provide more options to people who are starting to use bitcoin, or want to use it, as commonly as they use cash or credit cards.

“We are also proud to start doing business in a state that is so blockchain technology progressive. In March, Arizona Governor Doug Ducey signed a bill recognizing blockchain signatures and smart contracts as state law.”

Mr. Clark added the announcement caps a bust three months for Coinsource as staffing has increased to 20 and the finishing touches are being put on “significant” projects outside the United States.

Coinsource also added two new machines in both Los Angeles and Las Vegas. Additional Coinsource ATMs can be found in California, Nevada, Texas, Louisiana, Missouri, New Jersey, New York, Pennsylvania, and Tennessee.

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