Coinsource installed the bitcoin ATM in the southwestern hub of Oklahoma City at Speed Mart 1, located on 3462 SW 29th St., where it is 24/7 accessible.
According to coinradaratm.com, which tracks bitcoin ATM placements, the Speed Mart location is the only bitcoin ATM in the state of Oklahoma.
Sheffield Clark, Coinsource CEO, said they are thrilled to provide the people of Oklahoma City with cheap and easy access to the ‘our generation’s hottest asset.’
The trend we’ve noticed over the last six months is holding true; more people are leaving behind the complexity of digital asset exchanges and opting to buy and sell bitcoin at physical, conveniently placed machines. While we plan to install many more here, and in neighboring Tulsa. The first machine is strategically located midway between the city center and the Will Rogers International Airport.
Coinsource bitcoin ATMs provide an alternative way to pay for goods and services, particularly for those that have difficulty gaining support from a bank or financial institution. Oklahoma’s $36,797 median household income is among the lowest in the U.S.
Coinsource will always find ways to service the underbanked and unbanked; it’s a major part of our business culture, our beliefs, and why we started the company in the first place. It gives us a deep sense of personal pride knowing we can provide a valuable service to people in the lower income bracket, and let them invest in an industry on the rise.
The Coinatradar.com website confirms Coinsource’s claim that it is the largest bitcoin ATM network with 121 installed units.
The second largest network is Bitcoin Depot with 71 installed units; digitalmint, 48; CoinBTM, 46; instacoin, 45; Athena, 43; Bitstop, 40; BitNational, 32; Cointed, 32; SatoshiPoint, 24; National Bitcoin ATM, 22; Bitcoin of America, 21; Coin Cloud, 20; bitcoinplug, 16; Coinucopia, 14; Paydepot, 14; and slonbtm, 14. There are 28 additional operators with less than 14 units.
North America has 74.84% of all bitcoin ATMs, followed by Europe, 20.59%, Asia, 3.15%, Oceana, 1.29% and South America, 0.14%
Since January, Coinsource has installed more than 50 machines in California, Oklahoma, Nevada, Texas, Louisiana, Missouri, New Jersey, New York, Pennsylvania, Tennessee and Arizona.
Coinsource’s largest concentrations of bitcoin ATMs are in California, where it has 41, and New York, where it has 38.
Featured image from Shutterstock.