Bitcoin ATM company Robocoin has announced that this summer it will introduce online banking and convert their ATMs into ‘Robocoin bank branches integrated with Robocoin Online Banking.’
Pennsylvania is driving new awareness against Bitcoin ATM scams in a new caution to the community.
Scammers are getting smarter with better technology, tricking people—especially older individuals—into putting their money in Bitcoin ATMs under false promises.
Last year in 2023, the Bitcoin ATM scams resulted in more than $110 million in losses with a majority of the victims particularly from the age group of 60 and more.
The United States alone has 31,649 Bitcoin ATMs, marking 82.6% of the world’s machines.
Within 5 days, 29 Bitcoin ATMs went offline in Europe, bringing its total down to 1,589 machines. Looking at the brighter side, Australia added 77 new Bitcoin ATMs into global circulation during the same period.
Law enforcement agencies in the US have recently been clamping down on Bitcoin ATMs, especially those frequently used for extortion and scams.
The bill’s most contentious aspect is a one-year moratorium on the installation of new Bitcoin ATM kiosks in Vermont.
By April 2023, the country had already overtaken Asia on the Bitcoin ATM count roll.
The merger, which was first reported in August 2022 and cost around $885 million, was approved by the GSR II Meteora shareholders. It will allow investors buy Bitcoin Depot shares on the Nasdaq stock exchange from today, July 3.
Genesis Coin Inc, the first and largest Bitcoin ATM software platform worldwide announced today that they have been acquired by early Bitcoin ATM pioneers Andrew Barnard and Doug Carrillo.
Blue Ridge Bankshares noted it is working with the duo of BluePoint, a national ATM operator, and LibertyX, a Bitcoin ATM software provider, to enable Bitcoin purchase and redemption at 19 of its machines in the United States.
Coinstar kiosks are evenly distributed and currently accessible by about 90% of the American population.
The Bitcoin ATM at the Tesla Nevada Gigafactory is said to have been live since August.
Blockchain and crypto will soon become common across traditional and modern industries. Artificial Intelligence (AI) and Virtual Reality (VR) can become a good way to make the process of their adoption easier.
Bitcoin Depot is going to widen its Bitcoin ATM network within the United States to offer people the easiest and the most convenient way to deal with cryptocurrencies.