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Bitcoin ATM network Coinsource sets up 11 new machines in Texas

Coinsource Homepage Screenshot (EconoTimes)

Coinsource, the leading bitcoin ATM network, has launched eleven new machines across Texas, making it the third state with the highest concentration of bitcoin machines, behind California and New York.

The company said that Texas has become the fastest growing market for its ATMs in Q4. In Texas, Coinsource machines are located throughout Houston, Fort Worth, Pasadena, San Antonio, and Austin. In addition, one more bitcoin ATM was added in Louisiana, which can be found at Nathan’s Discount Mart, located at 401 Lapalco Boulevard in Gretna, LA.

The roster of Coinsource machines in the Lone Star State rose from 3 to 14 in the months of October and November as the company met community requests during surging bitcoin performance and significant trading volumes in the South. Coinsource also installed the state’s first two-way machine, enabling customers to buy and sell bitcoin, currently valued at $12 billion USD, directly from a machine without having to go through an exchange. 

“We are adding more and more ink spots to the map and there are no signs of slowing down. In fact, it has been difficult to meet such intense demand but we are scaling as best we can; we’ve implemented the right procedures, we’ve focused attention on compliance and convenience, and we’ve hired the right staff to keep servicing an exponentially growing customer base”, Coinsource CEO Sheffield Clark said.

Sheffield Clark and Bobby Sharp, Coinsource co-founders, hail from Texas and have focused efforts on bringing bitcoin to local consumers in key population centers. This week they installed the state’s first two-way machine in Fort Worth, at the Shell Gas station on Cleburne Road.

“We are delighted to install Texas’s first two-way kiosk in the same city as our headquarters. Our main focus is fulfilling the needs of our customers, and we carefully monitor and consider trends, vehicle and foot traffic, and opening hours when installing our new machines. It is a humbling experience to represent Texas with a thriving startup and to have the opportunity to contribute to its rapidly evolving economic and technological climate,” Clark said. 

In total, Coinsource operates 67 machines across eight states, including New York, New Jersey, Pennsylvania, Texas, Louisiana, Nevada, California and Tennessee. Clark said that the company aims to have 70 machines operating across the US by the end of this year.

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