Shiba Inu Coming to More Bitcoin of America ATM Locations

Alex Dovbnya

Bitcoin of America, One of the Top ATM Operators, Will Expand Support for the Shiba Inu Cryptocurrency

Bitcoin of America, one of the leading cryptocurrency ATM operators, has announced that Shiba Inu is opening more of its locations in a recent tweet

As reported by U.Today, the company enabled support for Shiba Inu earlier this month to the delight of the community. Before that, it added rival meme cryptocurrency Dogecoin. Last September, it enabled Ethereum purchases.

The crypto ATM operator has not made it clear which specific locations will be added in the near future. In January, Bitcoin of America surpassed 1,500 Bitcoin ATMs in January. The company headquartered in Chicago now says it has more than 2,000 locations in the US. By comparison, it only had 630 ATMs in early 2021.

The company operates in virtually all major cities in 31 US states and has plans to expand its business. Last May, Bitcoin of America made it possible for its customers to buy cryptocurrencies right after receiving cash from credit/debit cards using the Universal Kiosk.

In other news, Media-Markt, the largest electronics operator in Europe, recently announced that it would install Kurant’s Bitcoin ATMs at numerous branches across Austria.

Crypto ATMs Continue to Grow in the US

Cryptocurrency ATMs have seen tremendous growth due to the increasing adoption of digital assets. Due to anonymous transactions, they are often used by criminals to launder ill-gotten money.

However, according to Coin ATM Radar data, their distribution is almost exclusively limited to the US. For example, the UK completely banned crypto ATMs earlier this year to eliminate risks associated with largely anonymous transactions that could be exploited by criminals.

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