Coinsource intalls first bitcoin ATM in New Orleans

Investing | June 15, 2016 By:

Coinsource announced that it has set up its first bitcoin ATM in New Orleans, Louisiana.

“Bitcoin was the best performing currency of 2015 and it’s only done better in 2016. With more use-cases for it every day, more and more people want to buy in. Bitcoin’s value increased by almost 20% last week alone to a 22 month high, and many experts are predicting even further growth in the future. Our team wanted to solve the accessibility problem for bitcoin with the New Orleans community, and we are excited to offer our services to new and existing bitcoin users,” said Coinsource CEO Sheffield Clark.

The new, low fee bitcoin ATM in New Orleans is located at 3402 Tulane Avenue at an Exxon Gas Station in the Mid-City area. Coinsource’s new addition now brings its total number of machines to 35 across seven states: New York, New Jersey, Pennsylvania, Texas, Louisiana, Nevada and California.

Coinsource is a Dallas-based bitcoin ATM network.