The company is making digital currency investment more accessible through domestic expansion; first-of-its-kind Bitcoin tablet program
Bitcoin of America, a virtual currency exchanger that gives customers the safest Bitcoin buying and selling experience through Bitcoin ATMs (BTMs), is making cryptocurrency more accessible as a result of its rapid growth across the U.S., as well as its innovative Bitcoin tablet program.
Earlier this month, the company reached a milestone when it installed its 500th BTM location. Each location is placed with convenience, either in a place you already shop or in your major city.
Founded in 2015, Bitcoin of America has grown from a single BTM in Chicago to providing customers with secure transactions at 542 locations across the United states.
“Our first BTM generated $30,000 in a month,” says Sonny Meraban, Bitcoin of America’s CEO. “At the time, we realized cryptocurrency was being bought by people in low-income communities who are un- and underbanked and rely on cash transactions. However, since that time, the popularity of BTMs has grown to include a large swath of the population, including men and women across all ages and socio-economic backgrounds.”
When Meraban, a longtime real estate investor, launched the company there were only a few hundred BTMs in the United States. Now, there are thousands, and Bitcoin of America is a top-five domestic operator. In the last 11 months alone, the company added 300 BTMs across the country.
Meraban attributes the company’s growth to its strong operational infrastructure and robust compliance program - a key differentiator of Bitcoin of America’s business.
“Sound and effective compliance programs for virtual asset exchanges, like BTMs, are crucial for the healthy growth of our industry,” says Meraban. “Bitcoin of America operates in full compliance of all applicable state and federal laws and regulations, and we have incorporated a robust program that gives us the ability to identify suspicious activity and work with law enforcement to ensure issues like fraud are monitored, reported and resolved swiftly.”
This milestone comes on the heels of the company launching its Bitcoin tablet program, an industry first, at the end of 2019. The pilot uses small point-of-sale tablets to provide cryptocurrency accessibility in smaller markets and rural areas. Tablets also provide first-time users, who are typically unfamiliar with cryptocurrency, a face-to-face purchasing experience where they can ask questions and receive real-time human assistance.
Bitcoin of America
Headquartered in Chicago, Bitcoin of America is one of the largest multi-cryptocurrency online and ATM networks in the world, offering its customers the ability to buy and sell virtual, digital currencies instantly at hundreds of locations. Customers can wire payments, sell bitcoin to PayPal or prepaid debit card, or use a virtual currency kiosk, and receive coins the same day. Using a robust anti-money laundering transaction monitoring system, and superior user-friendly, payment features, we provide rapid and safe transactions at the best rates in the market. For more information, visit:
https://www.bitcoinofamerica.
