Bitcoin ATM business booming as Coinsource expands to 600 machines - Decrypt
The push from Coinsource may have something to do with last week’s news that its primary competitor, Bitcoin Depot, had become the first network provider to surpass 500 ATMs. Coinsource bills its Bitcoin ATMs as a platform as a service (PaaS), similar to software as as a service (SaaS), which provides ATM buyers access to compliance and licensing help, customer support, and armored car services.
“Because of the endless regulatory hurdles and expenses traditionally associated with Bitcoin ATMs, it has been extremely difficult for ISO’s (independent sales organizations) to enter the BTM (bitcoin teller machines) space,” National Cash’s Vice President of Operations Jessica Jay said in a statement. While Bitcoin ATMs have gained a reputation within the last few months as a tool for money launderers, Coinsource says its product is certified under New York State’s Virtual Currency License and is fully compliant with know your customer (KYC) and anti-money laundering laws.
 BTC |
$ 63866
|
 |
