The lure of bitcoins has led to greater interest from consumers and businesses, as bitcoin ATMs begin to pop up for converting bitcoins to cash or cash to bitcoin savings. If ATMs continue to grow in popularity, bitcoin supporters hope to see a major milestone as cryptocurrencies become mainstream.
"Having these machines in stores, especially quality stores that sell quality items, is really going to raise the profile of bitcoin," said Matt Russell, CMO of PYC, a bitcoin ATM operator in New York. "We'd be fools to not think that marketing is a part of this."
Bitcoin ATMs are being launched in metropolitan areas such as, Seattle, Austin, New York City, Los Angeles, and Las Vegas - and companies want to drive adoption into hotels and other tourist locations. Along with U.S. cities, the ATMs are finding their way to Spain, France, England, and other EU nations - but the ATM industry is hoping to see more industry insight for the blossoming market.
Have you seen or used a bitcoin ATM?