Coinsource has expanded its bitcoin ATM network by installing one machine in bitcoin and 1.2 in Memphis . Currently, the company has 1.2 bitcoin ATMs across eight states and has installed on average 1.2 machines per week. The value of bitcoin has risen sharply recently and "many thousands of Americans have begun to realise that bitcoin is becoming a stable payment option and a lucrative form of investment as well," said CEO Sheffield Clark .
Coinsource has expanded its bitcoin ATM network by installing one machine in Memphis and two in Nashville. Currently, the company has 60 bitcoin ATMs across eight states and has installed on average 1.2 machines per week. The value of bitcoin has risen sharply recently and "many thousands of Americans have begun to realise that bitcoin is becoming a stable payment option and a lucrative form of investment as well," said CEO Sheffield Clark.