Fort Worth, TX — July 13, 2018 — Coinsource, the world’s largest Bitcoin ATM network, announced an increase to their daily withdrawal limit. The company will now allow users to withdraw up to $5,000 USD. The news comes in response to the growing demands for more ATMs and the company’s expansion earlier this year to Mid-Atlantic states, including Delaware, Pennsylvania, and New Jersey.
“With over 2.5K ATMs in the world and daily mainstream blockchain and crypto adoption announcements, we want to stay ahead of the curve by making our ATMs and patron’s assets more accessible for those that want to withdraw higher amounts. As the only nationally licensed and federally regulated operator, our decision serves as a testament to the growing demand for access to cryptocurrency and digital assets. We look forward to continuing to provide innovative solutions to the growing crypto user base,” said Coinsource CEO, Sheffield Clark.
The company’s decision was heavily influenced by the growing demand for machines across North America and the rise in mainstream interest and corporate adoption. Coinsource is committed to expanding responsibly while developing impactful industry solutions.
Clark continued, “The future of finance is in convenience and security. We want to be at the forefront of that to better service the 164 million residents across 19 states already utilizing our technology, while continuing to rapidly grow.”
For more information on Coinsource, please; visit www.coinsource.net.
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 over 200 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, 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 $135 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 which 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.