Bitcoin Adoption Intensifies: Chicago Aims To Become A Trading Hub For Crypto As 30 BTC ATMs Will Launch Soon
Crypto adoption is getting stronger with each passing day. Chicago might be on its way to becoming a hotspot for Bitcoin ATMs.
It seems that about 30 new ATMs will be launching across Chicago thanks to Atlanta-based Lux Vending.
More than 200 BTC ATMs in Chicago
Chicago might be on its way to becoming a great hub for crypto especially since the state has many crypto ATMs already. Chicago Business reported that there are over 200 BCT ATMs.
The new ATMs will not only accept Bitcoin but other major digital assets as well such as ETH and more.
This means that the new ATMs will let users trade USD for BTC and more cryptos.
“A large degree of adoption of cryptocurrency is to a great extent driven by its ‘vibrant history’ with the financial industry, ” said Eric Gravengaard, CEO and co-founder, Athena Bitcoin. Gravengaard also owns three Bitcoin ATMs in the city.
2018 was not the most successful year for crypto price-wise, but on the other hand, it seems that according to the latest statistics coming from Cryptoanalysitcs company Data Light, just in 2018, the number of crypto ATMs doubled in order to reach 4,000.
In other words, six new machines have been deployed on a daily basis.
Coinbase has also recently opened an office in Chicago. All signs point to the fact that the location is set to become a hot spot for crypto.
New Yorkers can buy BTC at traditional ATMs
More predictions have been foreseeing that 2019 will be the year of mass adoption and things are starting to move in that direction.
New Yorkers can now buy BTC from traditional ATMs using their debit cards.
With a newly granted license from the New York regulator, LibertyX just became the first such licensee offering debit card Bitcoin purchasing options to residents in the Big Apple.
Holders of approved accounts will have the opportunity to purchase up wot $3,000 of BTC per day.
Andreas Townsend Author
I am a technical writer, author and blogger since 2005. An industry watcher that stays on top of the latest features, extremely passionate about finance news and everything related to crypto.