Philadelphia Installs Second Bitcoin ATM

Philadelphia, the fifth largest city in the United States, in Pennsylvania , added a new Bitcoin ATM on February 25, 2016. This new Bitcoin ATM will facilitate local residents to buy digital currency. Bitcoin ATM manufacturer Coinsource installed this new ATM in the Dream Store at 254 South Street in central Philadelphia.

Philadelphia Gets Second Bitcoin ATM

The new Bitcoin ATM is located in the heart of the city, very close to the bus station, bus station and subway, and is also a place frequented by out-of-town tourists.

The Bitcoin ATM installed by Coinsource is a one-way GenesisCoin version with a transaction fee of 7%. The company has currently installed 14 Bitcoin ATMs across the United States, eight of which are located in the core area of ​​New York City. Coinsource began operations in 2015, and the main team members include Travis Goff, Sheffield Clark and Bobby Sharp . Coinsource said it will provide customers with the most convenient and fast cash Bitcoin exchange experience.

Company founder Sheffield Clark said in a press release :

“ We are very proud to announce that Coinsource is the manufacturer of the first Bitcoin ATM in Philadelphia. Our installation in the heart of the city will make it easier for local residents and office workers to exchange Bitcoin. We are committed to providing the highest level of customer support, and all of our ATMs adhere to the most advanced security standards and are compatible with any Bitcoin mobile wallet, providing customers with a convenient and fast transaction experience.”

Philadelphia has a population of 7.2 million in the urban area , which has a large number of merchants and a mature Bitcoin community, and even apartments sold in Bitcoin transactions. The city's acceptance of Bitcoin is ahead of other parts of the United States, and it has produced many early Bitcoin practitioners.