The popularity of digital assets continues to increase even after the market has experienced high volatility recently as crypto ATMs have emerged. Crypto ATMs are a place where people can buy and sell their crypto assets.
The largest Hispanic supermarket chain in the United States, Cardenas Markets will be setting up these machines soon.
Bitcoin ATMs and Digital Currency Machines provider, Coin Cloud has collaborated with Cardenas Markets to provide users the opportunity to buy and sell more than 50 digital assets including flagship currencies Bitcoin and Ethereum, using cash.
As per the release, Cardenas Markets aims to cover all its locations in California, Arizona, and Nevada and install Bitcoin ATMs.
Chief executive officer of Coin Cloud, Chris McAlary said that the forts informed that for testing and debugging first of these devices will be set up in Cardenas Markets of Las Vegas.
Many Digital Assets In These ATMs
These ATMs will accept digital assets including Algorand, Cardano, Nano, SushiSwap, Dogecoin ApeCoin, Matic, OMG Network, Shiba Inu, and Bitcoin.
In the United States, the number of new Bitcoin ATMs is increasing each day. The number has multiplied by over six times in the last two years, taking its number to 32,000 machines all over the country, as per the data from Coin ATM Radar.
The largest convenience store chain in the world, Circle K has started adding Bitcoin ATMs in 2020 from Bitcoin Depot at its outlets. The company has over 700 machines across 30 states as of right now.
Prabach Coswatte, the CEO of the supermarket company, informed that they are quite excited to provide
cryptocurrency capabilities to their customers through Coin Cloud’s network of DCMs.
The CEO further said that they continue to fulfill their promise of satisfying the increasing demands of our consumers, especially in today’s digital world via its unique solutions.
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More People Are Adopting CryptoCurrency In The U.S.
The adoption of cryptocurrencies is seen more among the Hispanic adults in the United States as compared to the general population, reveals a recent study.
Furthermore, the poll suggests that Hispanic Americans use digital assets as a mode of payment quite frequently. On the contrary, the majority of Americans look at digital currencies as investments or savings vehicles.