Bitcoin of America increases ATMs across the U.S. by more than 30%
Virtual currency exchange company Bitcoin of America has increased its number of ATMs by more than 30% since May. Bitcoin of America had nearly 1,800 Bitcoin ATMs in March. In two months, this number increased to more than 2,500 BTMs in more than 250 locations around the U.S. Until March, Bitcoin ATMs offered the ability to buy Bitcoin (BTC), Litecoin (LTC), and Ethereum (ETH). With the expansion of the network, Bitcoin of America has widened its ecosystem in terms of integrated coins. In March, it started offering Dogecoin (DOGE) and added Shiba Inu (SHIB) in April. Now, users can buy all five currencies from Bitcoin ATMs using their debit cards or PayPal accounts.
The newly added coins to the Bitcoin ATM network, Shiba Inu and Dogecoin, are recently on the rise in payment utility. In April, American movie theatre company AMC announced that it is accepting payments in Dogecoin and Shiba Inu. With the announcement of their 2022 roadmap in April, the Dogecoin team set the goal for Dogecoin to become the “currency of the internet.” Rather than remaining a meme coin, the project team said that they’d focus more on the utility side and turn Dogecoin into a valid method of payment for everyone in the world. The group laid out a step-by-step roadmap to improve Dogecoin’s technology and payment utility abilities. Elon Musk has already been boosting Dogecoin for years and accepting payments in Dogecoin for Tesla. Recently he announced that he’s accepting payments in Dogecoin for SpaceX merchandise as well, following which the price jumped 5%.