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- Dogecoin has been added to 1,800 ATMs across the U.S.
- Cryptocurrency ATM operator Bitcoin of America has added DOGE support
- Usage of Bitcoin ATMs was banned in the UK last week
Elon Musk can now buy and sell his beloved Dogecoin at 1,800 points across America after the coin was added to cryptocurrency ATM operator Bitcoin of America’s list of supported coins. Bitcoin of America teased the news yesterday before announcing it later on, with a flurry of happy DOGE supporters revelling in the update. The company rolled out its Universal Kiosk in May last year which combines the functionality of a traditional ATM and a Bitcoin ATM, meaning customers can withdraw cash from a credit card and buy or sell Dogecoin and other cryptocurrencies in exchange for cash.
— Bitcoin of America (@BTCofAmerica) March 23, 2022
Dogecoin Support Evidence of Bitcoin of America Expansion
Bitcoin of America operates its 1,800 ATMs across 31 states, with support for Bitcoin, Ethereum, and Litecoin already in place. Dogecoin becomes the fourth coin to be supported, with the news helping bump DOGE 15% to $0.14, although whether it will be enough to reverse a near 11-month correction remains to be seen.
Bitcoin of America has seen tremendous growth in recent years, adding 50% more machines in the last nine months alone. William P. Suriano, General Counsel for Bitcoin of America, said in November last year that the company was looking to expand and diversify its operations to include “conventional ATM services, bill paying, check cashing, and other services”.
He also added he expected Bitcoin of America to “expand into new geographic markets in North America, Central America, South America, and Europe.”
Crypto ATMs Not Welcome Everywhere
The news of Bitcoin of America’s expansion in US cryptocurrency ATMs is in stark contrast to the situation in the UK, whose financial watchdog the Financial Conduct Authority last week banned all Bitcoin ATMs in the country from operating after none of the operators had obtained the relevant licensing.