Digital currency machine operator installs its 1000th kiosk

Coin Cloud, a digital currency machine operator, installed its 1,000th kiosk at Vallarta Supermarkets on 47th St. in East Palmdale, California, according to a press release.

«Our 1,000th installation is the result of exponential growth. We deployed over 120 kiosks this week, and doubled our installed base every six months for the last two years,» Chris McAlary, CEO of Coin Cloud, said in the release.

Coin Cloud is a national operator of two-way DCMs that empower users to buy and sell bitcoin and numerous other digital currencies with cash at any Coin Cloud location. The company claims it owns and operates 61% of two-way DCMs in the U.S..

«Our machines meet a critical consumer need because they grant anyone an instant, trusted gateway to the digital economy,» McAlary said. «We make the intangible tangible, converting digital currency to physical currency and vice versa on demand. Previously, digital currency users would have to meet in person to trade bitcoin for cash. Coin Cloud's integration of DCMs with digital wallets are becoming the cash machines of the 21st century. They are being embraced and taking over at an ever-increasing rate.»

Coin Cloud offers a free mobile wallet app to customers.

Source: Kiosk Marketplace