Companies like CoinFlip and Coin Cloud have installed "thousands" of the ATMs across the country, according to Reuters. Coin Cloud has 1,470 machines around the United States and is aiming for 10,000 by the end of 2021.
Quad Coin founder Mark Shoiket said: "I just assumed there was demand and people wanted bitcoin everywhere." He just recently flew to Montana to find 7 new places to install bitcoin ATMs, including a local vape shop. P
There's currently 28,185 bitcoin ATMs in the United States. About 10,000 of those have popped up over the last 5 months, the report notes. Some people use the ATMs because they sometimes feel more comfortable interacting with a physical machine, while others do it for anonymity purposes. Fees can range from 6% up to 20% of a total transaction.
There's now Bitcoin ATMs in every state except Alaska.