Shiba Inu to Be Added to More Bitcoin of America ATM Locations in the U.S

Shib: the metaverse

Cryptocurrency ATM operator Bitcoin of America has announced that Shiba Inu will now be available at more of its locations in a recent tweet.

Recall that the company added Shiba Inu to its list of supported cryptocurrencies earlier this month, after previously adding rival dog-themed meme token Dogecoin, following the addition of Ethereum last September.   

Bitcoin of America has experienced a steady growth

Although the company hasn’t confirmed the specific locations that will be added soon, The Chicago-headquartered crypto ATM operator says that it has over 2,000 locations within the U.S., a considerable improvement from about 630 ATMs in early 2021.

The company operates in virtually all major cities in 31 U.S. states and plans to expand further operations. Last May, Bitcoin of America made it possible for its customers to buy cryptocurrencies right after dispensing cash from credit/debit cards with the help of its Universal Kiosk.

Also, Media-Markt, the largest electronics operator in Europe, recently announced that it would install Kurant’s Bitcoin ATMs at its various branches throughout Austria.

Crypto ATMs continue to thrive in the U.S. 

The massive adoption of digital assets has contributed tremendously to the growth of crypto ATMs in the U.S. It has also made money laundering easy for criminals, as its transactions are anonymous. 

According to data provided by Coin ATM Radar, Yet, their expansion is almost entirely limited to the U.S. The U.K., for instance, completely banned crypto ATMs earlier this year to terminate risks linked to largely anonymous transactions that criminals can exploit.

Disclaimer: The information in this article should not be considered financial advice, and FXCryptoNews articles are intended only to provide educational and general information. Please consult with a financial advisor before making any investment decisions.

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