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Utah Gains Traction With Bitcoin & Crypto

Utah Gains Traction With Bitcoin & Crypto
Nearly 4,000 Bitcoin ATMs in total after 200 fresh ATMs just recently got installed. However, in Utah, Bitcoin ATMs are just starting to make a presence in the American state. Almost 4k ATMs The ATMs for Bitcoin have been gaining a lot of attention as the total number of ATMs are nearly at 4,000. Four months ago, the number of ATMs just jumped over the 3,000 mark and now 200 new ATMs have just been added in under a month! The exact number of Bitcoin ATMs is now at 3,824 and the number just keeps on rising. Chart Showing Number of Bitcoin ATM's Image source - CoinGape The United States seems to be in the lead of the Bitcoin ATMs ‘race’ with New York having 129 and Chicago having just under 200 with 188 ATMs. Although Utah only has around 12 Bitcoin ATMs, it is also making progress as the local media channel mentions of the increase. Eleven of these ATMs are operated by Chris McAlary who is the CEO of CoinCloud and had this to say:
“We launched our first (BTM) in Sandy at Game Haven in 2015, and it’s always been one of our best locations. The market there in Salt Lake City has always been very tech savvy, and I think we get a lot of millennials. People really like bitcoin and want instant access to it.”
He then goes onto describe how this all works:
“You walk up, insert cash, and we send Bitcoin instantly to your phone or your mobile wallet. You can also send bitcoin from your mobile wallet and go pick up cash at the bitcoin ATM.”
Over 15 local businesses have started to accept digital currency which shows the impact of Bitcoin and the industry. The local media spoke to a pro-Bitcoin organisation who said:
“Merchants love (cryptocurrency) because processing fees are near zero and there’s no chance of fraudulent payment or counterfeiting. It isn’t owned or controlled by any government, company or corporation, and it exists only online.”
What are your thoughts? Do you think the slow but steady increase of Bitcoin ATMs in the United States is a sign the markets are ready to boom? Let us know down in the comments down below! Reference: CoinGape

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