Bitcoin ATM Network Coinsource Adds Machines In Florida

Announcements, News | August 6, 2018 By:

Bitcoin ATM network Coinsource has installed 17 new machines in Florida, in addition to five machines already installed in Jacksonville.

Founded in 2015, Coinsource is one of the largest cryptocurrency ATM operators in the United States. It currently has over over 200 machines in 18 US states and districts. The new machines in Florida are located throughout the cities of Miami, Fort Lauderdale, Jacksonville, Daytona Beach, and Hialeah. The bitcoin ATMs allow users to purchase up to $5,000 worth of bitcoin at a time.

“We want people in both small towns and majors cities to have the opportunity to use our machines, we believe this installation will do just that,” Coinsource CEO Sheffield Clark said. “With increased access to cash alternatives, users have the ability to literally bank the unbanked. Small business-owners and major corporations alike are adopting cash alternatives such as bitcoin at a rapid pace. We are not only proud of the company’s growth, but the growth of the cryptocurrency market as a whole. We are pleased to meet the demand of the growing market with increased accessibility, and plan to continue expanding our reach even further.”

In April of this year, Coinsource integrated Acuant’s API and AssureID to improve customer experiences, increase conversion rates, and mitigate fraud. AssureID authenticates IDs and passports by applying 50+ forensic and biometric tests, in seconds. It eliminates manual errors, speeds up the document inspection process, and significantly reduces employee training.