Technology

Colorado Receives Largest-Ever Installation Of Bitcoin ATM Machines

Today, Coinsource, the world’s largest Bitcoin ATM network, announced its largest expansion yet into Colorado. The machines provide a simple and efficient way for the everyday person to invest in cryptocurrencies. Coinsource has installed eight Bitcoin ATM machines across the state (5 in Denver, 1 in Boulder, 1 in Broomfield, and 1 in Lakewood), and they are now live to use.

Please find below the official press release and the exact Bitcoin ATM machine locations.


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World’s largest Bitcoin ATM operator is now live with eight machines across Colorado

Denver, Colorado - March 14, 2018 - Coinsource, the world’s largest Bitcoin ATM network, today announced its first expansion into The Centennial State. Coinsource will install eight machines across the state in Denver, Broomfield, Boulder, and Lakewood after receiving significant demand from Bitcoin users and local merchants. This installation marks yet another milestone in Coinsource’s expansion plans for 2018.

CMO of Coinsource, Bobby Sharp, said, “We have had an immense amount of customer inquiries looking to add Coinsource’s BTM to their stores. On top of having the lowest transactions fees in the industry, our innovative machines operate with in-house software that significantly increases transaction speeds, API, and QR code scanners. We have been looking forward to installing BTM machines in Colorado to provide the everyday person a seamless and efficient way to invest in this incredible, emerging market.”

Colorado has long been a priority state in Coinsource’s national expansion plans. State residents and merchants have exuded significant interest in Bitcoin for several years, and even legislators such as Rep. Jared Polis have been major advocates for the potential of blockchain technology and cryptocurrencies for various forms of payment, from day-to-day transactions to buying houses.

CEO of Coinsource Sheffield Clark said, “We have been waiting to launch our machines into Colorado for a while now, and we look forward to integrating more machines across the state within 2018. Our user base has continued to grow at astronomical rates, and we believe it’s due to our secure in-house software. We aim to continue providing our services throughout the nation.”

Colorado’s eight new Bitcoin ATMs (5 in Denver, 1 in Boulder, 1 in Broomfield, and 1 in Lakewood) will provide a seamless and convenient alternative for those who want to buy and sell their Bitcoin. Coinsource has installed its machines close to main roads, high foot, and vehicle traffic areas, and within close proximity of University of Colorado and Colorado State University, and due to the vast mainstream adoption in Q4, Colorado merchants have begun to accept it as a form of payment, including Denver International Airport’s parking service. ParkDIA, marijuana dispensaries, and several restaurants.

Coinsource services 164 million residents across the country and currently has almost 200 machines in 16 states; California, Oklahoma, Nevada, Texas, Louisiana, Missouri, New Jersey, New York, Pennsylvania, Tennessee, Arizona, Georgia, Rhode Island, New Hampshire, Massachusetts, and Colorado.

For more information, please see the details of locations below or visit www.coinsource.net.

Coinsource Colorado Locations: 

1. Federal Liquors

3755 Federal Blvd.

Denver, CO 80211

2. Gateway Liquor Inc.

15470 Andrews Dr.

Denver, CO 80239

3. Capitol Convenience

1300 N. Pearl St.

Denver, CO 80203

4. DNJ Liquor
7073 N. Pecos St.

Denver, CO 80221

5. Everyday Stores LLC
1275 13th St.

Boulder, CO 80302

6. Sheridan Shell

1233 S. Sheridan Blvd.

Lakewood, CO 80232

7. GoGo Liquor

1398 US Hwy 287

Broomfield, CO 80020

8. Golden Goose Liquor

762 W. 120th Ave.

Westminister, CO 80234

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CMO of Coinsource, Bobby Sharp, is available for interview.

About Coinsource:

Coinsource is the world’s largest Bitcoin ATM network. Founded in 2015, the Texas-based company gives any person the ability to buy and sell bitcoin with US dollars at physical kiosks located around the country. Coinsource now has a portfolio of almost 200 machines nationwide. They are operational in California, Oklahoma, Nevada, Texas, Louisiana, Missouri, New Jersey, New York, Pennsylvania, Tennessee, Arizona, Georgia, Rhode Island, New Hampshire, Massachusetts, and Colorado. Coinsource prides itself in providing convenient, seamless access to the world’s leading digital currency, now with a total market capitalization of $175 billion USD. Given the rapidly evolving fintech industry, Coinsource has focused heavily on building a world-class compliance and consumer protection program, multi-tier high touch support, and a service that supports millions of unbanked and underbanked Americans. The company is planning international expansion, as well as making significant machine installations in many US states. Coinsource is rolling out its new in-house software stack, which is capable of faster, easier bitcoin transaction confirmations, as well as potential integrations with bill pay and other digital currency buy and sell functionality.