Canadian-owned American multinational chain of convenience stores Circle K has added Bitcoin ATMs to 20 of its convenience stores in the US.
The ATMs at the company’s Arizona and Nevada stores can buy up to a limit of USD 20K a day through DigitalMint’s new link up with the chain. DigitalMint claims to be the largest ATM operator in the US with 250 locations in 25 states.
“We are thrilled to be partnering with a respected organization like Circle K,” says Marc Grens, DigitalMint’s co-founder, adding “This opens the door for a massive expansion of Bitcoin access to new markets around the globe.”
Joel Konicke, Category Manager of Circle K Stores said that partnering with DigitalMint would allow the chain to provide their customers with “seamless access” to Bitcoin, “at a very reasonable price.”
In an interesting development in Canada, where the company hails from, the mayor of Vancouver, which boasted of the country’s first ATM, wants to ban the machines completely as part of an AML campaign.
Former journalist Ethan Lou, now turned author who writes about cryptocurrency says this will have a negative effect on sex workers in the city who rely on Bitcoin ATMs to secure the funds for hosting their services online. Due to online exchanges requiring too much personal information, fixed addresses, and bank accounts; some of these not always available to the workers, ATMs have become invaluable to workers in the sex industry.
Meanwhile, the Canadian convenience store company is thriving in the US where it has joined numerous other stores around the country offering Bitcoin ATM facilities to customers.
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