Coinsource Expand Distribution of American Bitcoin ATMs

National Bitcoin ATM network, Coinsource has expanded its distribution of bitcoin with its first bitcoin ATM in New Orleans, Louisiana, alongside new machines in Newark and Jersey City, New Jersey. Dallas-based Coinsource’s new additions now brings its total number of machines to 35 across seven states: New York, New Jersey, Pennsylvania, Texas, Louisiana, Nevada and California. Throughout 2016, Coinsource has installed on average one machine every week.

Coinsource CEO, Sheffield Clark commented: “Bitcoin was the best performing currency of 2015 and it’s only done better in 2016. With more use-cases for it every day, more and more people want to buy in. Bitcoin’s value increased by almost 20% last week alone to a 22 month high, and many experts are predicting even further growth in the future. Our team wanted to solve the accessibility problem for bitcoin with the New Orleans community, and we are excited to offer our services to new and existing bitcoin users,”

The new, low fee Bitcoin ATM in New Orleans is located at 3402 Tulane Avenue at an Exxon Gas Station in the Mid-City area.

Clark explained: “The 3402 Tulane Avenue Exxon is an ideal location for Coinsource: it’s open 24 hours a day and boasts significant vehicle and foot traffic. Our brand new bitcoin ATM is located in a well-lit convenience store and located within walking distance of the world renowned French Quarter,”

The new Bitcoin ATM in Newark is located in Ferry Market at 156 Ferry St and the new machine in Jersey City is located at 175-77 Newark Avenue, bringing the total number of Coinsource bitcoin ATMs on the East Coast to 15.

Clark added: “We receive many transactions on our New York-based machines and wanted to more conveniently service our New Jersey residents. Our first Newark machine is strategically located in a busy area and within 25 minutes of Newark International Airport, making it a great, low-fee option for travellers and tourists alike,”

Manufactured by GenesisCoin, all Coinsource bitcoin ATMs are open late and offer the low fees. Rates start at 8% and reduce with higher volume purchases.