Bitcoin Depot expands with 940 new kiosks in stores By Investing.com
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ATLANTA – Depot Inc. (NASDAQ: BTM), a prominent U.S.-based Bitcoin ATM operator, has announced a new retail partnership set to significantly expand its kiosk network. The fintech company will begin installing approximately 940 Bitcoin Depot kiosks in a leading national convenience retailer’s stores across 24 states starting in the first quarter of 2024. This initial deployment is part of a broader initiative that may extend into additional locations beyond the first 940.
Brandon Mintz, Bitcoin Depot’s Founder and CEO, expressed enthusiasm for the collaboration, which aligns with one of the company’s largest retail partners to date. Mintz highlighted the partnership’s potential to expand Bitcoin Depot’s reach alongside a brand that shares its commitment to providing accessible Bitcoin services.
Bitcoin Depot’s kiosks offer a user-friendly process for converting cash into Bitcoin, enabling customers to engage with the digital financial system. In addition to its ATMs, available in 48 states, the company also offers BDCheckout, a service that allows customers to fund their wallets with cash at participating retail outlets in 28 states.
With this expansion, Bitcoin Depot aims to consolidate its market presence. As of September 30, 2023, the company operates around 6,400 kiosk locations and holds the largest market share in North America.
The information in this article is based on a press release statement.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.
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© Reuters
ATLANTA – Depot Inc. (NASDAQ: BTM), a prominent U.S.-based Bitcoin ATM operator, has announced a new retail partnership set to significantly expand its kiosk network. The fintech company will begin installing approximately 940 Bitcoin Depot kiosks in a leading national convenience retailer’s stores across 24 states starting in the first quarter of 2024. This initial deployment is part of a broader initiative that may extend into additional locations beyond the first 940.
Brandon Mintz, Bitcoin Depot’s Founder and CEO, expressed enthusiasm for the collaboration, which aligns with one of the company’s largest retail partners to date. Mintz highlighted the partnership’s potential to expand Bitcoin Depot’s reach alongside a brand that shares its commitment to providing accessible Bitcoin services.
Bitcoin Depot’s kiosks offer a user-friendly process for converting cash into Bitcoin, enabling customers to engage with the digital financial system. In addition to its ATMs, available in 48 states, the company also offers BDCheckout, a service that allows customers to fund their wallets with cash at participating retail outlets in 28 states.
With this expansion, Bitcoin Depot aims to consolidate its market presence. As of September 30, 2023, the company operates around 6,400 kiosk locations and holds the largest market share in North America.
The information in this article is based on a press release statement.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.
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