Memphis gets first bitcoin ATM

Bitcoin ATM network Coinsource has installed three bitcoin ATMs in Tennessee. The first-ever one in Memphis is located downtown while the two in Nashville are situated near the airport and city center in a pair of Z-Mart locations.

The new machines are the latest examples of strong growth in the southern United States, Coinsource cofounder and CEO Sheffield Clark said.

Sheffield Clark

Sheffield Clark

“Our reach in the South is growing. So far we have 60 machines across eight states and look forward to gaining a foothold in even more new cities around the country.

“The valuation of bitcoin has risen sharply in November, and surprising election results have caused traditional market uncertainty, prompting many experts to forecast an influx of cryptocurrency adoption. Many thousands of Americans have begun to realize that bitcoin is becoming a stable payment option and a lucrative form of investment as well.”