Coinme Adds Crypto ATMs In California

Announcements | May 4, 2018 By:

Financial services and blockchain firm Coinme has installed eight new crypto ATMs in the state of California, bringing its total locations in the state to 23 machines.

Coinme has locations servicing California, Colorado, Kansas, Louisiana, New Mexico, Texas, Utah and Washington State. Coinme established its first crypto ATM in the US in 2014 and plans to expand its network across the country and the world, with more than 50 locations to date. It also offers vertically-integrated digital wallet, digital exchange, and crypto investment services, including IRA and 401K plans.

The new locations for Coinme’s ATMs are the San Francisco Bay Area, Fresno, Los Angeles (3 ATMs), Palm Desert, and San Diego (2 ATMs). Coinme claims that its crypto ATMs offer a unique benefit over online exchanges – the ability to buy and sell bitcoin and other cryptocurrencies instantly, with zero wait times.

“We are dedicated to bringing the best of the cryptocurrency economy to the diverse population of California and the world,” said Neil Bergquist, cofounder and CEO of Coinme. “In addition to a large technical community that appreciates the digital, decentralized qualities of crypto, there is an unbanked population who can now use Coinme as an onramp to participation in the financial system.”

Last month, Coinme signed a BitRank Verification Services purchaser agreement with Blockchain Intelligence Group (BIG). Under the agreement, BIG will receive a fee on addresses checked by Coinme that will utilize BIG’s proprietary cryptocurrency risk-scoring and verification product, BitRank Verified.