The World’s Largest Bitcoin ATM Network, Coinsource Nears 200 Machines with Latest Installment in the Nation’s Capital

While Capitol Hill takes a closer look at this emerging asset class, Coinsource enters the D.C. market. Washington, D.C. – April 12, 2018 – Coinsource, the world’s largest Bitcoin ATM network, today announced its first expansion into the Nation’s capital. Coinsource will install 20 machines across the District of Columbia and Maryland after receiving significant demand from Bitcoin users and local merchants. This installation caps off a successful first quarter for the company after launching 10 machines in Rhode Island, New Hampshire, and Massachusetts in early February. Additionally, Coinsource introduced eight new machines in Denver, Colorado last week.

 

 

“We are meeting Washington D.C. at an inflection point, where regulators are looking at the value and potential of decentralized currencies and blockchain technology,” said CEO of Coinsource Sheffield Clark. “All innovation over time has passed through our Nation’s Capital in one way or another, and we are happy to be now servicing Washington D.C. and the surrounding communities so that they can have easy access to buying and selling Bitcoin.”

 

Washington D.C. is no stranger to cryptocurrency and its implications. Earlier this month, a subcommittee of the U.S. House of Representatives Financial Services Committee held a hearing examining cryptocurrencies and ICO markets, while The Chamber of Digital Commerce hosted its third annual D.C. Blockchain Summit. Additionally, several local restaurants, bookshops, and record shops have been accepting Bitcoin as payment since last year.

 

 

Currently, Washington D.C. has five machines being serviced by five different operators. With this deployment, Coinsource will be the largest Bitcoin ATM operating network in the D.C. metropolitan area. D.C.’s 20 new Bitcoin ATMs (12 in Washington D.C., 5 in Baltimore, 1 in Towson, 1 in Oxon Hill, and 1 in Takoma Park).

 

CMO of Coinsource, Bobby Sharp, said, “We are expanding the Bitcoin ATM market further than it’s ever been in D.C., offering the lowest rates, exclusive remote enrollment and allowing for at-home account registration.This installment is especially significant to Coinsource, as the philosophy behind decentralized currency is and has always been about giving freedom back to the people. As a company I feel that we have been able to provide financial freedom to the underbanked and unbanked, and I am happy to bring our services to D.C.”

 

Coinsource services 164 million residents across the country and currently has 182 machines in 19 states; California, Oklahoma, Nevada, Texas, Louisiana, Missouri, New Jersey, New York, Pennsylvania, Tennessee, Arizona, Georgia, Rhode Island, New Hampshire, Massachusetts, Colorado, Maryland, Delaware and the District of Columbia.

 

For more information, please see the details of locations below or visit www.coinsource.net.

 

 

Coinsource Washington, D.C. Locations:

 

1) Benning Market

2001 Benning Rd. NE

Washington D.C., 20002

 

2) Exxon Gas Station

1 Florida Ave., NE

Washington, D.C., 20002

 

3) Mac Market

5105 Macarthur Blvd.

Washington, D.C., 20016

 

4)Shell Gas Station

4940 Connecticut Ave. NW

Washington, D.C., 20008

 

5) Petworth Market

3715 Georgia Ave. NW

Washington, D.C., 20002

 

 

6) Eabald 2llc

6350 Georgia Ave. NW

Washington, D.C., 20011

 

7) Sunoco

2642 Virginia Ave. NW

Washington, D.C., 20037

 

8) MLK Market

3333 Martin Luther King Ave.

Washington, D.C., 20032

 

9) Crown Gas Station

4200 Nannie Helen Burroughs Ave NE

Washington, D.C., 20019

 

10) Dollar Plus Food Store

1103 Mount Olivet Rd. NE

Washington, D.C. 20002

 

11) 77 Market

3021 Georgia Ave. NW

Washington, D.C., 20001

 

12) Kwik Stop

4801 Georgia Ave. NW

Washington, D.C., 20001

 

 

Coinsource Maryland Locations:

 

13) Eastover Citgo LLC

5401 Indian Head Hwy

Oxon Hill, MD 20745

 

14) Sunoco-Takoma Park

6360 New Hampshire Ave.

Takoma Park, MD 20912

 

15) BP-Moravia

5921 Moravia Rd.

Baltimore, MD 21206

 

16) Charles Convenience

4908 Hazlewood Ave.

Baltimore, MD 21206

 

17) Irvington Crown

4122 Fredrick Ave.

Baltimore, MD 21228

 

18) Eastern Ave Exxon

6408 Eastern Ave.

Baltimore, MD 21224

 

19) Tobacco 21

2307 Cleanleigh Dr.

Baltimore, MD 21234

 

20) Marathon Gas

1613 E. Juppa Rd.

Towson, MD 21286

 

 

CMO of Coinsource, Bobby Sharp, is available for interview.

 

About Coinsource:

Coinsource is the world’s largest Bitcoin ATM network. Founded in 2015, the Texas-based company gives any person the ability to buy and sell bitcoin with US dollars at physical kiosks located around the country. Coinsource now has a portfolio of 182 machines nationwide. They are operational in California, Oklahoma, Nevada, Texas, Louisiana, Missouri, New Jersey, New York, Pennsylvania, Tennessee, Arizona, Georgia, Rhode Island, New Hampshire, Massachusetts, Colorado, Maryland, Delaware and the District of Columbia. Coinsource prides itself in providing convenient, seamless access to the world’s leading digital currency, now with a total market capitalization of $130 billion USD. Given the rapidly evolving fintech industry, Coinsource has focused heavily on building a world-class compliance and consumer protection program, multi-tier high touch support, and a service that supports millions of unbanked and underbanked Americans. The company is planning international expansion, as well as making significant machine installations in many US states. Coinsource is rolling out its new in-house software stack, which is capable of faster, easier bitcoin transaction confirmations, as well as potential integrations with bill pay and other digital currency buy and sell functionality.

 

 

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