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Bitstop Bitcoin ATMs

Bitstop Partnership: Simon Malls Has 5 New Bitcoin ATMs

November 27, 2019 at 4:29 PM | By Jit Sutradhar News

Bitstop ATM crypto provider is launching a new machine in partnership with the largest retail shopping mall operator in the US.

Bitstop installed five bitcoin ATMs in locations Simon Property Group over the last month – at the Carlsbad Premium Outlets, Carlsbad, California, Mall of Georgia in Buford, Georgia, Miami International Mall in Miami, Sawgrass Mills in Sunrise, and The Avenues in Jacksonville, Florida – expand the company’s exposure for the first time since the eye bitcoiners crypto ATM market is booming.

They are part of a push to woo newcomers Bitstop crypto: people shopping at the mall, do not understand blockchain and never open the bitcoin wallet, according to co-founder and CEO Andrew Barnard.

He said the site that is similar to the old cliché: “If you build it, they will come.”

“Once you put the ATM is down and you give people easy access, people go and find out how to use it,” said Barnard.

With the new location, Barnard said Bitstop continue building exposure between newcomers and handle them through the process of buying their first bitcoin. He said the kiosk is the gateway to first-timers.

Barnard said Bitstop the data shows a variety of users and use cases. He said the purchase of ATM as an investment, but also to then buy online or send remittance payments home.

The average purchase is $ 160 dollars. And Barnard said the heavy traffic especially around the first and 15th of each month, which he says payday for many users.

Put them in the mall in time for the holiday shopping season Bitstop position for the influx of customers. America’s busiest shopping day of the 10 set to come in between Black Friday (November 29) and January 1, the company Sensormatic data analysis predicts.

That exposure to increased foot traffic and drive new users, whose association with the physical longevity of the ATM, Barnard said.

“After that in the mall makes people go, ‘wow, I guess bitcoin will be around for a long time,’ ‘he said.

Bitstop is one of the older players in the sphere of American Bitcoin ATM. Barnard said the company was launched in 2013 and installed the first bitcoin ATM two years later, in Florida.

However, the US network of 130 kiosks dwarfed by some of the bigger brands. LibertyX, the first company to release a Bitcoin ATM back in 2014, was installed in 1000 locations this summer.

Bitcoin ATM is a fast-growing corner of crypto retail space. Kiosks have been installed at the Comfort chain throughout the Southwest, Family Dollar store and a gas station.

Now there are some 6017 such ATMs around the world, according to Coinatmradar.com, up 30 percent from the forecast at the beginning of 2019.

Image via Bitstop

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