Bitcoin Depot strengthens their management place available in the market by acquisition and alerts main progress within the cryptocurrency ATM business.
ATLANTA, GA, August 7, 2019: Bitcoin Depot, a cryptocurrency ATM community primarily based in Atlanta, Georgia, immediately introduced the acquisition of a competitor, DFW Bitcoin. The acquisition of a significant Bitcoin ATM operator alerts continued robust progress within the business, consistent with professional projections forecasting an annual compound progress price of 46.61 p.c by 2024.
“Our acquisition of DFW Bitcoin is thrilling information for each Bitcoin Depot and the Bitcoin ATM business at massive,” says Brandon Mintz, CEO of Bitcoin Depot. “The ten current DFW Bitcoin ATMs are added to the twenty-two Bitcoin Depot ATMs already situated throughout Texas, strengthening our community, our place available in the market, and supporting the proof for main progress within the business projected by consultants.”
“The acquisition additionally demonstrates that Bitcoin Depot has the shopping for energy to amass smaller Bitcoin ATM operators who could also be struggling,” continues Mintz.
Bitcoin ATMs, or Bitcoin kiosks, are a quickly rising business as a result of elevated demand for money to cryptocurrency transactions. Bitcoin ATMs are essential for the acceptance and adoption of cryptocurrencies on account of its very important connection between underbanked communities and the crypto world. Bitcoin Depot ATMs permit customers to purchase and promote Bitcoin, Litecoin, Ethereum and Bitcoin Money immediately at a whole bunch of places throughout the USA. Transactions are fast, simple and safe. Bitcoin Depot is one the most important multi-cryptocurrency ATM operator on the earth.
“Bitcoin Depot has contributed to the expansion of the cryptocurrency ATM business by putting in over 40 p.c of all Bitcoin ATMs in the USA,” states Mintz, “As of early 2019, we accounted for one-third of all Bitcoin ATM installations all over the world.”
“We consider putting in and buying extra Bitcoin ATMs that permit the general public to rapidly and securely buy cryptocurrencies will proceed to extend adoption within the close to future and past, creating a bigger marketplace for enlargement. Briefly, we’re persevering with to develop the business and additional strengthen our community over the approaching months and years.” Mintz concludes.
For extra data on Bitcoin Depot, or to find a Bitcoin ATM close to you, please go to: www.bitcoindepot.com
About Bitcoin Depot
Bitcoin Depot is a cryptocurrency ATM community primarily based in Atlanta, Georgia, and is the quickest rising multi-cryptocurrency ATM community on the earth. Bitcoin Depot’s mission is to offer essentially the most safe, handy, customer-service-oriented and quickest cryptocurrency transactions, in the end opening up the cryptocurrency market to the plenty. The 250-plus robust community of cryptocurrency ATMs permits customers to purchase and promote Bitcoin, Litecoin, Ethereum and Bitcoin Money immediately at a whole bunch of places throughout the USA. Be taught extra at www.bitcoindepot.com.
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