Thousands of Circle K conviences stores to host cryptocurrency ATMs
Bitcoin Depot continued to expand despite suspending some crypto ATM service during the early days of the pandemic.
The world's largest Bitcoin ATM operator has stated that this will expand to Circle K sites in the US and Canada.
Bitcoin Depot today announced that over 700 of its Bitcoin ATM machines were already installed as part of the new partnership at Circle K convenience stores in 30 U.S. states.
The crypto ATM distributor said that the expansion could offer financial access to under-serviced populations and attract further people to cryptography.
“Over the last year, we have watched cryptocurrency gain mainstream adoption by wealth managers and investment firms, but what about the people that don't have access to those services?” said Alona Lubovnaya, Product Director of Bitcoin Depot.
“ATMs being located in Circle K's provide an easy onramp for the underbanked and less affluent, not just someone with a wealth manager.”
In the United States and Canada the company claims to have more than 3,500 ATMs that enable customers to purchase more than 30 different types of cryptocurrencies like Bitcoin (BTC), Litecoin (LTC) and Ether (ETH).
Circle K's Canadian-based operator Alimentation Couche-Tard reports that its brand operates about 7,150 stores throughout the United States and 2,111 stores in Canada.
Bitcoin Depot last year announced the suspension of certain machines in high-risk environments during a continuing pandemic.
In spite of the recent rise in COVID-19 cases and deaths in the US, the company has since been reporting that it has restored service to all locations.
Crypto ATMs around the globe have increased significantly in recent years that allow users to exchange fiat for cryptography.
CoinATMRadar data shows that in 74 countries, from Kazakhstan to Australia, around 24,000 crypto ATMs are presented.
Most of them — over 20,000 — are in the USA.
“Our mission is to Bring Crypto to the Masses,” said Lubovnaya. “We will continue to do this with significant partner expansions going forward.”