BitXatm to Launch 1,000 Bitcoin ATMs in US
Germany-based digital currency bitcoin ATM and point-of-sale (POS) solution provider BitXatm has announced a new partnership that will find the company shipping 1,000 units to the US in a bid to build the country's largest bitcoin ATM network. For the initiative, BitXatm will partner with Los Angeles-based CryptVision, a startup that itself is seeking to build the largest network of bitcoin ATMs around the globe. As part of the deal, CryptVision will become the exclusive provider of BitXatms in the US and Canada. Sergey Yesayan, president of CryptVision, framed the move as one that will....
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A previously announced business partnership between BitXatm and CryptVision that would have resulted in the launch of 1,000 bitcoin ATMs in the US has been dissolved. First revealed on 20th July, the deal made CryptVision the exclusive provider of BitXatm bitcoin ATMs in the US and Canada. At the time, Los Angeles-based CryptVision aimed to establish itself as one of the more prominent bitcoin ATM operators in North America, while Germany-based BitXatm aimed to further its presence outside of Europe. The news was first detailed in an 8th September blog post published by BitXatm that....
QuadrigaCX, the current largest bitcoin exchange in Canada has announced their plans to install two-way bitcoin ATMs developed by BitXatm in major cities throughout Canada, including Vancouver, Toronto and Montreal. The company has completed an extensive research on all BTM (bitcoin ATMs) manufacturers in Canada. The CEO of QuadrigaCX, Gerald Cotton, stated: Mr. Cotten said that the BTMs of BitXatm are the most efficient, reliable and user-friendly bitcoin ATMs currently available on the market. He also highlighted the significance of the 17-inch touch screen and the multiple-layered....
Germany-based digital currency ATM provider BitXatm has announced a novel upgrade to its existing Sumo Pro ATM product. Called 'Smart Remote Control', the new feature allows owners to switch between one-way and two-way transaction capabilities. This means operators will be able to provide cash-to-digital currency transactions only, or both digital currency-to-fiat and fiat-to-digital currency transactions. With the update, BitXatm's Sumo Pro will function more like traditional bitcoin ATMs, allowing two-way transactions. The company had previously offered one-way machines, while....
A new fleet of BitXATM machines is set to launch across Canada in the coming months. Quadriga CX, Canada's largest Bitcoin exchange, has big plans to install their new SumoPro two-way bitcoin ATMs in prime locations across the country. These units will be delivered in batches of five and placed in several major cities including Vancouver, Toronto and Montreal. In 2014, CAVIRTEX attempted a similar rollout of BitAccess bitcoin ATMs, installing them in Gateway Newstands across Canada. The experiment was far from successful, and the company shut down the endeavor a few months later. They....
Bitcoin consulting firm and solutions provider Bitcoin Suisse AG has installed BitXatm's two-way bitcoin ATMs in Bern, the capital city of Switzerland. Residents in the city of Bern will now be able to purchase and sell bitcoin with ease, with 5% fees and a maximum daily limit of US$5159. Over the past year, Bitcoin Suisse AG has installed 3 two-way ATMs and a one-way ATM across Switzerland by partnering with two major bitcoin manufacturers BitXatm and Lamassu. Improved Bitcoin Ecosystem. Over the last few months, bitcoin startups including wallet service providers, exchanges and....