Memphis Residents Now Have Their First Bitcoin ATM

The city of Memphis will now have a Bitcoin ATM as the firm Coinsource installs three new machines in the state of Tennessee. The company is the largest Bitcoin ATM provider in the U.S. and has averaged over one installation per week in 2016.

Memphis Bitcoin ATM One of Three in Tennessee

logo2-id-fa176b8a-9aee-44f6-9ad5-4672e628e52e-300x300Memphis, in Tennessee’s southwest, will get its first Bitcoin automated teller machine. Additionally, the company Coinsource installed two Bitcoin ATMs in the city of Nashville. Coinsource has established 60 Genesis Coin brand cryptocurrency ATM across the U.S. since its inception.

“The demand for bitcoin ATMs has never been higher than it is today. The most rewarding part of our job is to answer the call when requests come in for new locations, so it is exciting to make history in Tennessee,” said Coinsource CEO and co-founder Sheffield Clark. “Our reach in the South is growing. So far, we have 60 machines across eight states, and look forward to gaining a foothold in even more new cities around the country.”

Bitcoin ATMs in Tennessee via Coin ATM Radar
U.S.-Based Coinsource Will Soon Focus on International Expansion

Coinsource CEO and Co-Founder Sheffield Clark According to Coin ATM Radar, there are 482 installed Bitcoin ATMs throughout the United States. Coinsource, which Clark founded in February 2015, owns a large share of these devices. Bitcoin ATMs have provided people with easier access to cryptocurrency using cash. Additionally, with an automated teller machine that dispenses bitcoin all users need is a wallet to store the funds.

Coinsource says its mission is to make “buying and selling bitcoin as immediate and natural as withdrawing or depositing fiat from a traditional ATM.” The company claims it has first-class customer support and some of the lowest transaction fees in the market. The company aims to continue to be a forerunner amongst American Bitcoin ATM providers and will soon reveal its blueprint for inter