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Crypto ATM operator Coin Cloud to install its 2,000th machine

Coin Cloud, which just installed its 1,250th crypto ATM in December 2020, is about to set a new milestone as it installs its 2,000th machine.

Image by Wilfried Pohnke from Pixabay

Sun, 20 Jun 2021, 09:45 am UTC

Crypto ATM operator Coin Cloud is about to set a new milestone as the firm continues to rapidly expand its business. The Las Vegas-based company is set to install its 2,000th machine with the placement of several machines at the stores of the San Antonio, Texas-based grocery store chain H-E-B.

With the installation of its 2,000th ATM, Coin Cloud is making it easier and more convenient for customers to access their digital currencies. The company’s platform supports more than 30 cryptos including Bitcoin (BTC), Ethereum (ETH), Dogecoin (DOGE), Litecoin (LTC), several US dollar stablecoins, and numerous DeFi tokens.

“We’re thrilled to reach this juncture of our business, as our growth is a tangible representation of interest in digital currencies and of Coin Cloud’s mission to provide communities with seamless options to buy and sell,” Coin Cloud Founder and CEO Chris McAlary said in a press release. “As we continue to expand, retailers will become increasingly aware of the important role digital currency plays in the future and how Coin Cloud’s expansive rollout of DCMs will help them meet the forward-looking needs of their shoppers from a technological and financial standpoint.”

Coin Cloud just installed its 1,250th ATM in December 2020. It’s notable that the company has will soon be installing its 2,000th machine just after seven months.

“When Coin Cloud said they were going to deliver and install over 200 machines in a week, I didn't believe them,” CAL’s Convenience Store CMO Ray Harrison said. “The speed and ease at which they were able to execute were impressive. Operationally, it was the quickest and highest quality rollout we have ever experienced.”

Coin Cloud wants to stay ahead of the growing popularity of digital currencies by making it easier for clients to manage, store, buy or sell cryptos from anywhere in the world. The 2000th ATM comes as the Fed announced that it is exploring the possibility of issuing its own central bank digital currency (CBDC).

“As digital currency becomes more and more popular across the U.S., it was important for us to provide our stores with one of the largest and most reliable providers in this space,” National Alliance of Trade Associations CEO Mike Thompson said. “By partnering with NATA, Coin Cloud gains access to the same communities NATA is investing in.”

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