Bitcoin of America increases ATMs across the U.S. by more than 30% 🚨 This article is 3 years old...
Bitcoin of America increases ATMs across the U.S. by more than 30%
Bitcoin of America has increased its ATM count to more than 2,500 and added two new coins to the network.
2 min read
Updated: Jun. 11, 2022 at 12:24 am UTC
Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.
Virtual currency exchange company Bitcoin of America has increased its number of ATMs by more than 30% since May.
Bitcoin of America had nearly 1,800 Bitcoin ATMs in March. In two months, this number increased to more than 2,500 BTMs in more than 250 locations around the U.S.
Until March, Bitcoin ATMs offered the ability to buy Bitcoin (BTC), Litecoin (LTC), and Ethereum (ETH). With the expansion of the network, Bitcoin of America has widened its ecosystem in terms of integrated coins. In March, it started offering Dogecoin (DOGE) and added Shiba Inu (SHIB) in April. Now, users can buy all five currencies from Bitcoin ATMs using their debit cards or PayPal accounts.
Shiba Inu and Dogecoin in payments
The newly added coins to the Bitcoin ATM network, Shiba Inu and Dogecoin, are recently on the rise in payment utility. In April, American movie theatre company AMC announced that it is accepting payments in Dogecoin and Shiba Inu.
Dogecoin
With the announcement of their 2022 roadmap in April, the Dogecoin team set the goal for Dogecoin to become the “currency of the internet.”
Rather than remaining a meme coin, the project team said that they’d focus more on the utility side and turn Dogecoin into a valid method of payment for everyone in the world. The group laid out a step-by-step roadmap to improve Dogecoin’s technology and payment utility abilities.
Elon Musk has already been boosting Dogecoin for years and accepting payments in Dogecoin for Tesla. Recently he announced that he’s accepting payments in Dogecoin for SpaceX merchandise as well, following which the price jumped 5%.
On June 3, U.S. Senate candidate Timothy Ursrich expressed his desire to make Dogecoin the legal tender in California. To support his efforts, he asked Elon Musk and Dogecoin’s co-founder Billy Markus to help his campaign.
Shiba Inu
In May, Shiba Inu announced an update and introduced the SHI Stablecoin. The SHI stablecoin is at the stage of final testing before going live.
Shiba Inu’s anonymous founder Riyoshi wrote about Shiba Inu’s goal to become a method of payment and said:
“The end goal is that SHI (operating both on ETH and the Shibarium) becomes a global stable currency that plebs across all countries are able to use as both a store of value and method of payment.”
Mentioned in this article
Author 
Zeynep Geylan
Zeynep is an academic who turned to crypto in 2018. Originating in social sciences, she is especially interested in the social impact of blockchain and cryptocurrencies and strongly believes in their transmuting power.
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In this article
Bitcoin, a decentralized currency that defies the sway of central banks or administrators, transacts electronically, circumventing intermediaries via a peer-to-peer network.
Dogecoin
$0.33294
Dogecoin is a cryptocurrency created in December 2013 as a joke by software engineers Billy Markus and Jackson Palmer.
SHIBA INU
$0.00002
Shiba Inu (SHIB) is a decentralized meme token that aims to be the Ethereum-based counterpart to Dogecoin’s Srypt-based mining algorithm. According to SHIBA INU, the reasoning behind the creation of SHIBA is that Shibas constantly forget where they bury their treasure.
Ethereum
$3,474.27
Ethereum is a decentralized, open-source blockchain platform that enables the creation of smart contracts and decentralized applications (DApps).
Litecoin
$108.727
Litecoin is a peer-to-peer Internet currency that enables instant, near-zero cost payments to anyone in the world.
Bitcoin of America
Bitcoin of America is a popular virtual currency exchange which is registered with the United States Department of Treasury.
South African-born Elon Musk has founded several companies, including X.com (which later became PayPal), SpaceX and Tesla Motors.
