In First For Commercial Bank, Blue Ridge ATMs Are Now Selling Bitcoin

In First For Commercial Bank, Blue Ridge ATMs Are Now Selling Bitcoin

Banks are increasingly changing their stance on Bitcoin to meet their customers’ demands and, as of today, you can now buy and redeem bitcoin at 19 Blue Ridge Bank ATM locations, per a press release.  “Blue Ridge Bank has announced that for the first time in U.S. history a commercial bank is providing access to Bitcoin at its branch locations,” according to the release. “Cardholders can purchase and redeem Bitcoin at 19 Blue Ridge Bank ATM locations, consisting of both branch and off-site ATMs.” Though bitcoin- and cryptocurrency-specific ATMs where customers can exchange fiat for BTC....


Related News

Blue Ridge Bank Shares Halted by NYSE After Bitcoin ATM Announcement

The stock jumped by more than 13% after news that it would let its customers buy bitcoin through its ATMs.

This Virginia-Based Bank Is Letting Customers Buy Bitcoin at the ATM

Charlottesville’s Blue Ridge Bank is letting cardholders purchase and redeem bitcoin at 19 ATMs.

Stone Ridge’s 10k Bitcoin Bet Shows Changing Sentiment of Corporate America

New York-based asset managers Stone Ridge confirms 10k Bitcoin ($115 million) holding in its treasury. Stone Ridge purchased the Bitcoin via subsidiary firm New York Digital Investment Group (NYDIG), one of the few companies with a BitLicense issued by the New York State Department of Financial Services (NYSDFS). Stone Ridge becomes the latest high profile […]

LibertyX launches Bitcoin-to-cash sales at ATMs in United States

LibertyX wants to provide instant Bitcoin cashouts as the token hits new 2020 highs. LibertyX, a major retail network of Bitcoin (BTC) ATMs in the United States, is expanding Bitcoin sales options at thousands of its ATMs.According to an Oct. 26 announcement, LibertyX has enabled a Bitcoin cashout feature at 5,000 regular ATMs across the United States. As such, consumers can now sell Bitcoin for cash at any of the participating ATMs.LibertyX CEO and co-founder Chris Yim said that previously, the firm’s software only supported Bitcoin purchases with debit cards. The latest addition allows....

Over 3,000 ATMs in Beijing can now convert digital yuan into cash

The Agricultural Bank of China previously debuted digital yuan ATMs this January. China continues apace with the adoption of its central bank digital currency (CBDC) as major banks launch a significant batch of digital yuan-powered ATMs.The digital yuan — a CBDC controlled by The People’s Bank of China — is now available for deposit and withdrawals at over 3,000 ATMs across Beijing, state-run Xinhua news agency reported Friday.According to the report, the Beijing branch of the Industrial and Commercial Bank of China has become the first bank to fully enable the digital yuan exchange in the....