Bitcoin ATM operator Coinme, based in the United States, announced this Wednesday that it will be expanding its operations in the state of Florida. It will be installing some 300+ BTC Coinstar stalls, or kiosks, in the state area. As one of the biggest Bitcoin ATM operating services in the United States, Coinstar has around 6000 ATM kiosks installed in the country over 45 states.
With this move Coinme aims to shorten the gap between Florida residence and bitcoin. Now more residents of the state will have the ability to purchase bitcoin, especially on the retail level.
These bitcoin cash machines are intentionally placed in strategic locations, primarily in shopping centers and grocery chains across Florida. These include Fresco y Mas, Harveys, and Winn Dixie, among others. The placement of these ATMs is scattered throughout the State in both big cities and smaller towns.
However, despite this, and other similar initiatives across the world, Bitcoin ATMs has remained unpopular among the mases. One of the main reason for this are the fees that the ATM companies charge for BTC transactions. These commissions are much higher than the ones charged by crypto exchanges. However, with ATM machines, the transactions are much easier.
However, retail crypto demand is skyrocketing at the moment, and similar moves are only increasing the surge. That is why companies like Coinme are expanding is densely populated areas.