Coinsource expands bitcoin ATM footprint into New England

Bitcoin ATM network Coinsource has expanded into New England with 10 new machines in Massachusetts (5), New Hampshire (3) and Rhode Island (2)

The machines will provide a convenient option for users who want to buy and sell bitcoin, a company press release said.

The bitcoin ATMs are situated near main roads, and in well-trafficked areas, including machines in close proximity to Harvard University, Tufts University and MIT, according to the company.

«This quarter we have seen an overwhelming demand from local merchants looking to add a Coinsource BTM to their shops,» Coinsource Director of Marketing and Strategy Derek Muhney said in the release. «We have had an influx of customer inquiries throughout the New England region. We're excited to be able to provide our exclusive service to those who have been awaiting our arrival. And we plan to add even more machines over time.»

Coinsource said that Q1 is shaping up as the most aggressive quarter in the history of the company, which is now operating in 24 of the 25 largest U.S. markets, according to the release.

«We are expanding throughout smaller regions of the U.S. … as well as saturating heavily populated parts of the country such as Houston,» CEO Sheffield Clark said.

Coinsource now has nearly 200 machines in 15 states: Arizona; California; Georgia; Louisiana; Massachusetts; Missouri; Nevada; New Hampshire; New Jersey; New York; Oklahoma; Pennsylvania; Rhode Island; Tennessee; and Texas.

Source: ATM Marketplace