World's Largest Bitcoin ATM Network — Bitcoin Depot — Is Growing Rapidly - UBS Group (NYSE:UBS)

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The following post was written and/or published as a collaboration between Benzinga’s in-house sponsored content team and a financial partner of Benzinga.

It is an exciting time in the world of cryptocurrency.

Huge institutional investors like UBS Group AG (NYSE:UBS) and BlackRock Inc. (NYSE:BLK) are joining the millions of early adopters and retail investors already in the market. Twitter Inc. (NYSE:TWTR) Founder Jack Dorsey is creating non-fungible tokens (NFTs), and Tesla Inc. (NASDAQ:TSLA) CEO Elon Musk is anointing himself the godfather of Dogecoin (DOGE) or the “DOGEfather.” With this massive growth comes the need for access.

Bitcoin Depot provides just that. Founded in Atlanta in 2016, the company is dedicated to bringing cryptocurrency to the masses. It is the world’s largest operator of Bitcoin ATMs and crypto ATMs. The company’s machines provide people with instant access to Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC). They are critical access points for many. And, just like the crypto market, the company is growing fast.

Ease of Access

The company has thousands of ATMs across North America. Bitcoin Depot strategically locates its ATMs in places that are extremely convenient for average users to access in the course of a normal day. The machines are designed to be user-friendly and strip away some of the barriers that traditional online access points present to many.

Bitcoin Depot further enables people access to cryptocurrency by allowing them to purchase crypto with physical dollars. The crypto transaction is initiated immediately after purchase. A user can purchase up to $15,000 of crypto a day.

An Improved App

Bitcoin Depot makes available a non-custodial wallet mobile app, which is available from both the Apple Inc. (NASDAQ:AAPL) App Store and the Google (NASDAQ:GOOGL) Play Store. Recent improvements to the app’s user interface have been enhanced to make the app easy to use. Security is important to Bitcoin Depot.

The app includes a wallet for the BTC, ETH or LTC purchased at one of its ATMs as well as many other popular cryptos like DOGE that users can trade for. Users can search for physical ATMs near them.

Bitcoin ATMs and, more generally, crypto ATMs provide a critical service in the cryptocurrency ecosystem. They provide access to millions of users who might not otherwise enter the market. As the world’s largest network of crypto ATMs, Bitcoin Depot is bringing crypto to the masses.

Check out BitcoinDepot.com for more information and general contact details.

The preceding post was written and/or published as a collaboration between Benzinga’s in-house sponsored content team and a financial partner of Benzinga. Although the piece is not and should not be construed as editorial content, the sponsored content team works to ensure that any and all information contained within is true and accurate to the best of their knowledge and research. This content is for informational purposes only and not intended to be investing advice.

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