Coinsource will build and deploy 20 new Bitcoin ATMs across the Washington-Baltimore corridor.
While the timeline and exact locations for these new ATMs is unclear, Coinsource says it will place 12 in the District, five in Baltimore, one in Towson, one in Oxon Mill and one in Takoma Park, according to a report in Crowdfund Insider on April 12. The expansion will make Coinsource the largest Bitcoin ATM operator in the region.
“We are meeting Washington, D.C. at an inflection point, where regulators are looking at the value and potential of decentralized currencies and blockchain technology,” Sheffield Clark, Coinsource’s CEO, said in a statement. “All innovation over time has passed through our nation’s Capital in one way or another, and we are happy to be now servicing Washington, D.C. and the surrounding communities so that they can have easy access to buying and selling Bitcoin.”
Currently, the D.C. metro area only has five Bitcoin ATMs in operation, each owned by a different company.