Washington DC residents now have greater access to cryptocurrency thanks to Coinsource, a leading Bitcoin ATM network operator in the U.S. The company has deployed 20 new Bitcoin ATMs across the Washington DC metropolitan area, bringing its nationwide total to nearly 200 machines.
The New Crypto Hub
Headquartered in Texas, Coinsource has officially entered the Washington DC market—a strategic move driven by local demand. The new ATMs are strategically placed in high-traffic locations:
- Washington DC: 12 machines
- Baltimore: 5 machines
- Towson, Oxon Hill, Takoma Park: 1 machine each
This expansion follows five existing ATMs operated by competitors in the region. Notably, several local businesses—including restaurants, bookstores, and record shops—began accepting Bitcoin payments last year.
Sheffield Clark, CEO of Coinsource, shared his perspective:
"We chose an opportune moment to launch in DC, as regulators increasingly recognize the value and potential of decentralized currency and blockchain technology. Historically, innovation spreads from the nation's capital, and we're thrilled to empower residents with easy access to Bitcoin transactions."
Growth Across the U.S.
The Washington DC rollout contributes to Coinsource’s 25% growth this quarter. Recent expansions include:
- 10 machines across Rhode Island, New Hampshire, and Massachusetts (February 2024)
- 8 machines in Denver, Colorado (early 2024)
The company now operates 182 machines across 18 states plus Washington DC.
Bobby Sharp, CMO of Coinsource, emphasized their mission:
"We’re democratizing Bitcoin access with competitive rates, remote registration, and family accounts. Bringing financial freedom to unbanked communities aligns with cryptocurrency’s core ethos—and DC’s symbolic role in liberty."
👉 Explore Bitcoin ATMs Near You
Why This Matters
- Convenience: Instant Bitcoin purchases/sales without online exchanges.
- Financial Inclusion: Serves unbanked populations.
- Regulatory Clarity: Reflects growing acceptance of crypto.
FAQ
Q: How do Bitcoin ATMs work?
A: Insert cash, scan your wallet QR code, and receive Bitcoin instantly.
Q: Are fees higher than online exchanges?
A: Coinsource offers competitive rates—often lower than peer-to-peer platforms.
Q: Is ID required?
A: Yes, for compliance with anti-money laundering (AML) laws.
Q: Can I sell Bitcoin at these ATMs?
A: Most support two-way transactions (buy/sell).
Q: What’s the daily limit?
A: Varies by machine; typically $3,000–$10,000.
👉 Learn About Bitcoin Security
Looking Ahead
As cryptocurrency adoption grows, expect more ATMs in high-demand areas. Coinsource’s expansion signals confidence in Bitcoin’s mainstream future—and a commitment to accessibility.
Source: Bitcoin News
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