1,000 Bitcoin ATMs’ Launch Planned by BitXatm

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Germany-based digital currency bitcoin ATM and point-of-sale (POS) solution provider BitXatm has announced a new partnership that will find the company shipping 1,000 units to the US in a bid to build the country’s largest bitcoin ATM network.

For the initiative, BitXatm will partner with Los Angeles-based CryptVision, a startup that itself is seeking to build the largest network of bitcoin ATMs around the globe. As part of the deal, CryptVision will become the exclusive provider of BitXatms in the US and Canada.

The announcement follows BitXatm’s May upgrade to its Sumo Pro ATM product, and was issued at The North American Bitcoin Conference (TNABC), a two-day community event being held in downtown Chicago

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Sergey Yesayan, president of CryptVision, framed the move as one that will find the new company moving quickly to gain a foothold in the bitcoin market. “In terms of positioning our products all over the country, we’re planning to have most of them in place by the end of the year, and are looking for location partners in shopping malls, restaurants and night clubs”, he said in a statement.

Yesayan said that the bitcoin ATM units will be available for free to qualified operators, with the qualification process for operators beginning 25th July. CryptVision plans to treat the units as vending machines and manage the associated financial responsibilities and licensing.

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BitXatms can accept and dispense any digital currency and offers a web-based back end that allows operators to manage profits, cash flow and to change settings on the ATM remotely. The company said it will continue to provide support for its ATMs to CryptVision once the units are deployed. The BitXatm announcement is the latest in a string of major news stemming from the NABC event this weekend. Bitcoin has been gaining more acceptance with time, as major companies like Dell and Google have started considering it as a payment option.

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