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Coinsource becomes leading bitcoin ATM operator in California with 35 machines

Leading bitcoin ATM network Coinsource this month added 14 new machines in California, marking its largest ever multi-machine installation in any area.

In the official release, the bitcoin ATM giant said that last year, it was adding an average of 1.2 machines per week; now just two months into 2017, it is installing them at a rate of 2.3 machines per week.

Coinsource has added 8 new machines in Southern California, with 1 located in San Marcos, 2 in San Diego, 1 in Santa Ana, 1 in Pacoima, and 3 in Los Angeles area. In Northern California, Coinsource installed six new kiosks; one each in the cities of Santa Clara, Sacramento, Daly City, Fremont, Hayward, and Richmond.  With this, Coinsource has become the state’s leading bitcoin ATM operator, controlling 30% of the bitcoin ATM market in the Golden State.

“In the past, we’ve seen a tremendous amount of success with our machines on the West Coast. California is currently the most densely populated state with bitcoin ATM machines, and to become the leader in this market is a proud moment for our company. The double-digit addition in the Golden State is testament to the team’s hard work and our loyal customers. A trend we stay atop of is the increased utility and adoption of bitcoin, and its extremely exciting to see its transition from niche to mainstream”, CEO and Co-founder of Coinsource Sheffield Clark said.

The Coinsource bitcoin ATM network offers amongst the lowest of fees in the industry, with 96 machines across the country. Coinsource currently has machines spread throughout California, Louisiana, Missouri, Nevada, New Jersey, New York, Pennsylvania, Tennessee, and Texas.

“We are always looking for ripe new markets to expand into and are really excited about entering Q2 closing in on a total of 100 machines. Whilst that is a milestone worth celebrating, what we’re most thrilled about is the industry as a whole. Machines are popping up in countries like China, Russia, South Korea, Ireland, Mexico and France, so it's great to know that accessibility to our generation’s hottest asset is increasing everyday,” Clark concluded.

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