Today, Coinsource is launching five new bitcoin ATM marchines across the Phoenix metro area.

It is the country’s largest Bitcoin ATM network’s first launch into Arizona; a very blockchain progressive state. The latest installation brings Coinsource’s total number of machines to 116, and brings the total number of machines around the world to an astonishing 1331.

Coinsource Enters Blockchain-Progressive Arizona State, Adding Five Bitcoin ATMs in Phoenix
New Machines in Arizona, LA and Vegas Caps off Strong Q2

 

Bitcoin ATM
dry2 / Pixabay


Phoenix, AZ – July 10, 2017 – Coinsource, the world’s largest bitcoin ATM network, has today launched five new machines in Phoenix Metropolitan Area, marking Coinsource’s first foray into Arizona. The bulk installation caps off a strong Q1 and Q2 for the Texas-based company, installing 50 machines so far this year, now with a portfolio of 116 machines across 10 states. The five new bitcoin ATMs have been installed in Phoenix, Peoria, and Mesa (with exact addresses below).

Coinsource CEO and Co-Founder Sheffield Clark said, “We are really excited about our reach into Phoenix, one of America’s largest metropolitan areas geographically, and the fifth largest by population. We simply addressed a market need there and we are proud to provide more options to people who are starting to use bitcoin, or want to use it, as commonly as they use cash or credit cards. We are also proud to start doing business in a state that is so blockchain technology progressive. In March, Arizona Governor, Doug Ducey signed a bill recognizing blockchain signatures and smart contracts as state law.”


Focusing on national expansion and renewed efforts on international growth, Coinsource reported strong installation figures by quarter. In Q1 2017, Coinsource installed 34 machines, and in Q2, 16 machines, totalling 50 for the first half of the year.

“Coinsource has had a busy three months; we’ve conducted several recruitment rounds, strengthened our team to 20, and are now close to announcing significant projects outside the US. Q3 is set to be our biggest quarter yet, with a higher rate of installations planned, more team members coming on board, and more state by state market entrance,” Clark said.

Concurrent to the installation in Arizona, Coinsource also added two machines in Los Angeles, and two in Las Vegas.

“The specific locations of our machines are selected based on their high vehicle and foot traffic, parking convenience, ease of access and long trading hours of the stores they occupy. This quarter in particular, we’ve seen increases in volume; our customers are telling us they are far more willing to buy and sell bitcoin at physical, conveniently located machines than deal with the hassle of online exchanges.

According to trusted ATM tracking website, CoinATMRadar, Coinsource controls 15% of the bitcoin ATM market. Coinsource has a strong presence in California, Nevada, Texas, Louisiana, Missouri, New Jersey, New York, Pennsylvania, Tennessee, and Arizona.

PHOENIX BITCOIN ATM LOCATIONS:

NEW! Mesa

LOCATION: Max Mart, 735 E McKellips Rd., Mesa, AZ  85203
HOURS OF OPERATION: Daily: 9AM-10AM SundayThursday 9AM- 12PM Fri-Sat
ATM TYPE: GenesisCoin 1-Way Bitcoin ATM
FEES: 7% Buy

NEW! Phoenix
LOCATION: Simon Chevron, 1901 W Bethany Home Rd., Phoenix, AZ 85015
HOURS OF OPERATION: Daily: 24/7
ATM TYPE: GenesisCoin 1-Way Bitcoin ATM
FEES: 7% Buy

NEW! Phoenix
LOCATION: Speedy Stop Food Store, 5033 S 16th St., Phoenix, AZ 85040
HOURS OF OPERATION: Daily: 8:30AM-10PM M-F
ATM TYPE: GenesisCoin 1-Way Bitcoin ATM
FEES: 7% Buy

NEW! Peoria
LOCATION: Cactus Shell, 6730 W Cactus Rd., Peoria, AZ. 85381
HOURS OF OPERATION: Daily: 24/7
ATM TYPE: GenesisCoin 1-Way Bitcoin ATM
FEES: 7% Buy

NEW!
 Phoenix
LOCATION:D&S Market, 2340 N 32nd St.,Phoenix, AZ.85008
HOURS OF OPERATION: Daily: 11:30AM–10PM SundayThursday 11:30AM – 11PM Fri-Sat
ATM TYPE: GenesisCoin 1-Way Bitcoin ATM
FEES: 7% Buy