Categories: Market Overview

OVER 100,000 ATMS NOW LET YOU BUY BITCOIN WITH A DEBIT CARD IN THE U.S.

Debit card Bitcoin purchase via regular ATMs are now a reality in the United States. This development foregrounds the recent partnership between Genmega and LibertyX. The collaboration allows people to buy Bitcoin from numerous cash machines using their debit cards.

According to a press release published by Finextra on Monday, October 15, 2018, all Genmega ATMs in the country are now essentially Bitcoin ATMs. Based on the partnership, Genmega ATMs will now offer LibertyX as an added feature. This update makes it possible to make debit card Bitcoin (BTC) $6577.23 -0.22% purchases from any Genmega cash machine in the U.S.

This development is the first of its kind in the United States. According to Coinatmradar, there are over 2,300 BTC ATMs in the country. With this latest partnership, the over 100,000 Genmega cash machines in the U.S. can now function as BTC ATMs. We have been working tirelessly to make it easier to buy cryptocurrencies for the last five years and now are bringing simplicity, convenience and trust to the cryptocurrency purchasing experience through the timeless ATM.

One fundamental benefit of this new arrangement is the simplicity it brings to the BTC purchasing process. Most people familiar with how to work a cash machine should have little problems buying BTC from a regular ATM using this LibertyX interface.

This new development is another example of the rapidly expanding cryptocurrency payment arena. Albeit a BTC purchasing avenue, it isn’t that much of a stretch to imagine similar upgrades being made to point-of-sale devices (POS) and other retail money outlets.

Dubai recently partnered with Pundi X to enable residents to pay their bills, school fees, and retail payments via XPOS devices using emCash — the state-backed cryptocurrency. Pundi X also plans to expand the reach of its legacy XPOS devices to other places in the world.

OVER 100,000 ATMS NOW LET YOU BUY BITCOIN WITH A DEBIT CARD IN THE U.S., Bitcoinist, Oct 16
The FxPro News Team

This team of professional journalists announces the most interesting and influential articles from the major financial media as a brief summary. All such news may have sufficient potential to affect the course of trading assets.

Share
Published by
The FxPro News Team
Tags: aud

Recent Posts

Video: Dollar and Indices are trying to find footing after the fall

The dollar experienced a sell-off but rallied back up by the end of the week.…

2 days ago

What is next: BoJ, Fed, SNB & BoE Rates

The new week will be packed with economic data and decisions from key central banks.…

2 days ago

Dollar attempts to rebound after oversold conditions

Despite economic factors working against the dollar, its oversold condition helped it this week or…

2 days ago

USDCAD Wave Analysis – 14 March 2025

USDCAD: ⬇️ Sell - USDCAD reversed from key resistance level 1.4500 - Likely to fall…

2 days ago

Solana Wave Analysis – 14 March 2025

Solana: ⬆️ Buy - Solana reversed from the long-term support level 113.75 - Likely to…

2 days ago

Adobe Wave Analysis – 13 March 2025

Adobe: ⬇️ Sell - Adobe broke round support level 400.00 - Likely to fall to…

3 days ago

This website uses cookies