Home / Capital & Crypto / New Orleans Sees a New Bitcoin ATM from Coinsource

New Orleans Sees a New Bitcoin ATM from Coinsource

Last Updated March 4, 2021 4:49 PM
Rebecca Campbell
Last Updated March 4, 2021 4:49 PM

Coinsource , a leading Bitcoin ATM network, has expanded its distribution of ATMs by setting up its first bitcoin ATM in New Orleans, Louisiana, in addition to new machines in Newark and Jersey City, New Jersey, with the total number of Coinsource bitcoin ATMs on the East Coast rising to 15.

The Texas-based company’s latest additions bring its total number of machines to 35 across seven states: New York, New Jersey, Pennsylvania, Texas, Louisiana, Nevada, and California.

The new, low fee Bitcoin ATM in New Orleans is located at 3402 Tulane Avenue at an Exxon Gas Station in the Mid-City area. The one in Newark can be found in Ferry Market at 156 Ferry St, and the new machine in Jersey City is located at 175-77 Newark Avenue.

Coinsource CEO, Sheffield Clark said:

Bitcoin was the best performing currency of 2015 and it’s only done better in 2016. With more use-cases for it every day, more and more people want to buy in. Bitcoin’s value increased by almost 20% last week alone to a 22-month high, and many experts are predicting even further growth in the future.

Our team wanted to solve the accessibility problem for bitcoin with the New Orleans community, and we are excited to offer our services to new and existing bitcoin users.

Last month Coinbase continued the expansion of its bitcoin ATMs into Los Angeles and Las Vegas where it distributed nine, making it the largest ATM network on the West Coast.

CCN.com also reported on the announcement of Coinsource’s distribution of bitcoin ATMs to San Diego, San Francisco, and New York.

By bringing the total number to 35 bitcoin ATMs across the U.S., Coinsource is making sure that everyone has access to Bitcoin where they can pay for goods and services with the digital currency.

We receive many transactions on our New York-based machines and wan

ted to more conveniently service our New Jersey residents. Our first Newark machine is strategically located in a busy area and within 25 minutes of Newark International Airport, making it a great, low-fee option for travellers and tourists alike.

Featured image from Shutterstock.