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The World's Largest #Bitcoin ATM Network, Coinsource Nears 200 Machines with Latest Installment in the Nation's Capital

While Capitol Hill takes a closer look at this emerging asset class, Coinsource enters the D.C. market.

 

Washington, D.C. - April 12, 2018 (Investorideas.com Newswire) Coinsource, the world's largest Bitcoin ATM network, today announced its first expansion into the Nation's capital. Coinsource will install 20 machines across the District of Columbia and Maryland after receiving significant demand from Bitcoin users and local merchants. This installation caps off a successful first quarter for the company after launching 10 machines in Rhode Island, New Hampshire, and Massachusetts in early February. Additionally, Coinsource introduced eight new machines in Denver, Colorado last week.

"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," said CEO of Coinsource Sheffield Clark. "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."


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  • Washington D.C. is no stranger to cryptocurrency and its implications. Earlier this month, a subcommittee of the U.S. House of Representatives Financial Services Committee held a hearing examining cryptocurrencies and ICO markets, while The Chamber of Digital Commerce hosted its third annual D.C. Blockchain Summit. Additionally, several local restaurants, bookshops, and record shops have been accepting Bitcoin as payment since last year.

    Currently, Washington D.C. has five machines being serviced by five different operators. With this deployment, Coinsource will be the largest Bitcoin ATM operating network in the D.C. metropolitan area. D.C.'s 20 new Bitcoin ATMs (12 in Washington D.C., 5 in Baltimore, 1 in Towson, 1 in Oxon Hill, and 1 in Takoma Park).

    CMO of Coinsource, Bobby Sharp, said, "We are expanding the Bitcoin ATM market further than it's ever been in D.C., offering the lowest rates, exclusive remote enrollment and allowing for at-home account registration.This installment is especially significant to Coinsource, as the philosophy behind decentralized currency is and has always been about giving freedom back to the people. As a company I feel that we have been able to provide financial freedom to the underbanked and unbanked, and I am happy to bring our services to D.C."

    Coinsource services 164 million residents across the country and currently has 182 machines in 19 states; California, Oklahoma, Nevada, Texas, Louisiana, Missouri, New Jersey, New York, Pennsylvania, Tennessee, Arizona, Georgia, Rhode Island, New Hampshire, Massachusetts, Colorado, Maryland, Delaware and the District of Columbia.

    For more information, please see the details of locations below or visit www.coinsource.net.

    Coinsource Washington, D.C. Locations:

    1. Benning Market
    2001 Benning Rd. NE
    Washington D.C., 20002

    2. Exxon Gas Station
    1 Florida Ave., NE
    Washington, D.C., 20002

    3. Mac Market
    5105 Macarthur Blvd.
    Washington, D.C., 20016

    4. Shell Gas Station
    4940 Connecticut Ave. NW
    Washington, D.C., 20008

    5. Petworth Market
    3715 Georgia Ave. NW
    Washington, D.C., 20002

    6. Eabald 2llc
    6350 Georgia Ave. NW
    Washington, D.C., 20011

    7. Sunoco
    2642 Virginia Ave. NW
    Washington, D.C., 20037

    8. MLK Market
    3333 Martin Luther King Ave.
    Washington, D.C., 20032

    9) Crown Gas Station
    4200 Nannie Helen Burroughs Ave NE
    Washington, D.C., 20019

    10) Dollar Plus Food Store
    1103 Mount Olivet Rd. NE
    Washington, D.C. 20002

    11) 77 Market
    3021 Georgia Ave. NW
    Washington, D.C., 20001

    12) Kwik Stop
    4801 Georgia Ave. NW
    Washington, D.C., 20001

    Coinsource Maryland Locations:

    13) Eastover Citgo LLC
    5401 Indian Head Hwy
    Oxon Hill, MD 20745

    14) Sunoco-Takoma Park
    6360 New Hampshire Ave.
    Takoma Park, MD 20912

    15) BP-Moravia
    5921 Moravia Rd.
    Baltimore, MD 21206

    16) Charles Convenience
    4908 Hazlewood Ave.
    Baltimore, MD 21206

    17) Irvington Crown
    4122 Fredrick Ave.
    Baltimore, MD 21228

    18) Eastern Ave Exxon
    6408 Eastern Ave.
    Baltimore, MD 21224

    19) Tobacco 21
    2307 Cleanleigh Dr.
    Baltimore, MD 21234

    20) Marathon Gas
    1613 E. Juppa Rd.
    Towson, MD 21286

    CMO of Coinsource, Bobby Sharp, is available for interview.

    About Coinsource:

    Coinsource is the world's largest Bitcoin ATM network. Founded in 2015, the Texas-based company gives any person the ability to buy and sell bitcoin with US dollars at physical kiosks located around the country. Coinsource now has a portfolio of 182 machines nationwide. They are operational in California, Oklahoma, Nevada, Texas, Louisiana, Missouri, New Jersey, New York, Pennsylvania, Tennessee, Arizona, Georgia, Rhode Island, New Hampshire, Massachusetts, Colorado, Maryland, Delaware and the District of Columbia. Coinsource prides itself in providing convenient, seamless access to the world's leading digital currency, now with a total market capitalization of $130 billion USD. Given the rapidly evolving fintech industry, Coinsource has focused heavily on building a world class compliance and consumer protection program, multi-tier high touch support, and a service that supports millions of unbanked and underbanked Americans. The company is planning international expansion, as well as making significant machine installations in many US states. Coinsource is rolling out its new in-house software stack, which is capable of faster, easier bitcoin transaction confirmations, as well as potential integrations with bill pay and other digital currency buy and sell functionality.

    Allison Simon
    Account Coordinator
    Wachsman
    40 Exchange Place
    New York, NY 10005
    P: +1 (917) 900-5749
    E: allison@wachsman.com


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