Cape Cod just got its first crypto!
CoinMover deployed a digital currency automated teller machine (“Bitcoin ATM”) at the Cape Cod Mall in Hyannis, Massachusetts.
As the first machine of its kind on Cape Cod, now residents of Cape Cod can buy Bitcoin (BTC), Litecoin (LTC), Etherum (ETH), Monero (XMR), and DASH. Customers may also use this machine to sell cryptocurrency and receive cash. Bitcoin (BTC) and Litecoin (LTC) are the two digital currencies that support selling. At the time of this writing, the next closest digital currency machines are more than 50 miles away in Brockton, MA or Providence, RI.
The Cape Cod Bitcoin ATM is a two-way buy and sell machine. It’s located adjacent to the food court and carousel, with easy access through the Best Buy/Marshalls or Barnes & Noble entrances.
“Making cryptocurrency more accessible is the primary mission of CoinMover” commented Jim Murray, Executive Vice President of Sales & Marketing. “There are over 4,850 of these machines in the world and almost 3,000 in the USA, 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 $8,770 USD, although you can buy bitcoin and other cryptocurrency with cash for fractions of a whole unit. For example, $300 will net you 0.0342075 BTC in your mobile wallet.
As one of the newest entrants into the digital cryptocurrency ATM market, CoinMover offers customers the ability to purchase and sell cryptocurrency with cash.
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.