Coinsource, the preeminent Bitcoin ATM network in the United States, has expanded its services into Tennessee by installing its first-ever bitcoin ATM machine in Memphis. Alongside this, two further machines have also been installed in Nashville, reflecting a growing demand for access to bitcoin in Tennessee.
Sheffield Clark, CEO and Co-Founder of Coinsource, commented: “The demand for bitcoin ATMs has never been higher than it is today. The most rewarding part of our job is to answer the call when requests come in for new locations, so it is exciting to make history in Tennessee. Our reach in the South is growing. So far, we have 60 machines across 8 states, and look forward to gaining a foothold in even more new cities around the country. Today we celebrate digital currency coming to The Volunteer State. We see huge potential for bitcoin in Tennessee, and look forward to supporting the community long into the future.”
The Memphis bitcoin ATM was installed at 967 Linden Avenue, along one of the main roads of the Downtown district. The Coinsource machines in Nashville have been installed in Z-Marts: one adjacent to the Nashville International Airport, and the other ATM less than a mile north of the city centre. Over the course of this year, Coinsource has installed Bitcoin ATMs at a rate of 1.2 machines every week.
Clark added: “The valuation of Bitcoin has risen sharply in November, and surprising election results have caused traditional market uncertainty, prompting many experts to forecast an influx of cryptocurrency adoption. Many thousands of Americans have begun to realize that bitcoin is becoming a stable payment option and a lucrative form of investment as well,”