CoinMover deployed a new cryptocurrency automated teller machine (“Bitcoin ATM”) at the Shell gas station located at 357 Essex Street in Swampscott, Massachusetts today, February 1, 2020.
As one of the newest entrants into the digital cryptocurrency and bitcoin ATM market, CoinMover offers customers the ability to purchase cryptocurrency for fiat money (e.g., buy bitcoin with cash) and send it to a mobile wallet on their smartphone. Some machines also offer the ability for users to sell their cryptocurrency back to CoinMover and withdraw money from the bitcoin ATM.
Buy Bitcoin with Cash Instantly!
Registering for a CoinMover account requires just a smartphone for transactions under $3,000. For amounts over $3,000, federal regulations require scanning a government-issued ID at the machine. The huge growth in crypto ATMs has taken over the entire country in the past two years.
CoinMover CEO Mike Scanlan said earlier, “People are adopting cash alternatives such as Bitcoin at a rapid pace. We’re proud of our launch today. We have big plans to grow our network throughout New England and proud to be the first in the Swampscott area.
This machine will service customers not only in Swampscott but people from the surrounding towns of Lynn, Nahant, Marblehead, and Salem. Our machines sell Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Monero (XMR), and DASH. We also offer great customer support and real-time registration right at the terminal.”
For a complete list of CoinMover Bitcoin ATM locations, click here.
Bitcoin ATM Usage
“Making cryptocurrency more accessible is the primary mission of CoinMover” commented Jim Murray, Chief Operating Officer at CoinMover. “There are over 6,700 of these machines in the world and about 4,700 in the USA alone, with an average of six new machines activated each day.”
Many of these machines, known as bitcoin ATMs, are used to send remittances overseas to friends and family. They’re faster and less expensive than traditional channels like Western Union or MoneyGram. In addition, the market decline in 2018 has not stopped innovation and development in this area. Therefore, it will continue at a rapid pace for the foreseeable future.
At the time of this release, the price of bitcoin was $9,376.40 USD, although you can buy bitcoin and other cryptocurrency with cash for fractions of a whole unit. For example, $300 will net you 0.032 BTC in your mobile wallet.
Headquartered in Lynn, Massachusetts and founded in early 2018, CoinMover’s business goal is to provide its customers a simplified and safe experience while buying and selling digital currencies. CoinMover operates as a U.S. Department of Treasury FinCEN Registered MSB #31000136090594.