According to a press release on the 15th of October, Bitstop, a Bitcoin ATM enterprise, has launched a Bitcoin ATM at the Miami International Airport. The ATM is stationed at the concourse G after gate 16.
The enterprise has said that the machine was strategically situated, considering that Miami’s airport is number 3 on the list of busiest airports in the US. Miami’s airport is also purported to be the biggest passage connecting the US and South America. It is also one of the biggest airline centers in the country.
Bitstop’s ATMs are usually private, meaning that the travelers are required to sign up with the enterprise using valid identification means. Based on the present regulatory atmosphere, it is becoming increasingly obvious that the legality of ID-free ATMs is slowly being phased out. Although there are still ATMs facilitating ID-free transactions, regulatory agencies around the globe are taking measures to follow the trails of digital asset transactions.
The Usefulness of Bitcoin for Travelers
Doug Carrillo, the CTO of Bitstop has said that Bitcoin is becoming a necessity for travelers. He stated that these days, people prefer traveling with Bitcoin rather than traditional with fiat currency because it is more convenient and secure. He went on to say that this is why Miami International Airport is one of the best locations to situate a BTC ATM.
The enterprise noted that this is their 130th machine in the US. They plan on achieving 500 installed BTC ATMs around the globe by 2020.
Currently, there are a total of 5,756 Bitcoin ATMs in the world.
Bitstop is an American enterprise headquartered in Miami, Florida and is one of the top Bitcoin ATM producers in the world. Its machines are manufactured in the US by the biggest kiosk producers in the continent.
Bitstop’s hardware is very solid and secure, and it boasts of playing a significant role in the Bitcoin ATM sector since 2013.
Azeez Mustapha is an experienced author, trader, markets analyst, signals strategist, and funds-manager.