Coinsource, the Bitcoin ATM network which controls 13% of the US market, has launched eleven new machines across Texas, making the state its fastest growing market in Q4. In addition to the expansion in Texas, one more ATM was added in Louisiana.
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Coinsource CEO Sheffield Clark said: “We are adding more and more ink spots to the map and there are no signs of slowing down. In fact, it has been difficult to meet such intense demand but we are scaling as best we can; we’ve implemented the right procedures, we’ve focused attention on compliance and convenience, and we’ve hired the right staff to keep servicing an exponentially growing customer base.”
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The ATM network has deep ties to the state as two of Coinsource’s three co-founders, Sheffield Clark and Bobby Sharp, are from Texas and the company is based in Fort Worth. The state is now home to the third highest concentration of Bitcoin machines per state, behind California and New York.
“We are delighted to install Texas’s first two-way kiosk in the same city as our headquarters. Our main focus is fulfilling the needs of our customers, and we carefully monitor and consider trends, vehicle and foot traffic, and opening hours when installing our new machines. It is a humbling experience to represent Texas with a thriving startup and to have the opportunity to contribute to its rapidly evolving economic and technological climate,” said Clark.
“By the end of 2016, we aim to have 70 machines operating across the US. We have accomplished our goal of becoming the largest Bitcoin ATM in the nation far quicker than we expected.”