It was reported that the Bitcoin ATM company Bitstop and the supermarket operator Simon Malls have partnered to expand the presence of this type of ATM. It was also said that since the association was made, five ATMs have been installed at Simon Malls locations in California, Florida, and Georgia.

Bitstop, Bitcoin (BTC) ATM company located in the city of Miami, the United States of America, announced the signing of its partnership with Simon Malls, which is the largest operator of shopping centers in the United States, to expand the presence of these ATMs.

The firm said on Thursday, November 26th, that Bitcoin ATMs have already been installed in at least five Simon Malls locations in the states of California, Florida, and Georgia. The company noted that Carlsbad Premium Outlets in Carlsbad, California; Miami International Mall, Sawgrass Mills and Las Avenidas in Miami, Florida; and Mall of Georgia in Buford, Georgia, already have Bitcoin ATMs.

In this regard, Andrew Barnard, co-founder and CEO of Bitstop, said that the electronic devices were installed before the start of the holiday season. The executive explained that with the strategic moment of this new installation of Bitcoin ATMs in the aforementioned Simon Mall locations, customers can buy Bitcoin conveniently as they make purchases for Black Friday and Christmas holidays.

The firm stated that it has a license, besides being regulated, so it plans to increase its ATM network by more than 500 locations by the end of 2020. Barnard said that this is another series of key locations after the recent installation of Bitstop Bitcoin ATMs at Miami International Airport last October. He expressed that they seek to ensure that their customers always have convenient access to their Bitcoin ATMs. He also indicated that there are now more than 130 convenient Bitstop Bitcoin ATMs throughout the country, whose number grows every month as it intends to expand its Bitstop network to include more than 500 locations by the end of the year.

Increase in Global Network of Bitcoin ATMs

As reported at the beginning of November, the number of existing and installed Bitcoin ATMs around the world has shown steady growth.

According to data from the CoinATMRadar portal, there are currently 6,004 devices installed on a global scale, of which about 65% are located within the United States.

It should be noted that by the end of November, 108 ATMs had been deployed and these data also show that the average daily number of devices installed is 11, which is the fastest pace reached this year.

However, the authorities do not trust these services completely. The Chief of Criminal Investigation of the United States Internal Revenue Service, John Fort, said that the regulator is investigating possible tax problems caused by Bitcoin ATMs and kiosks.

In addition to clear and possible tax problems, Fort said that the operators of encryption kiosks should be obliged to follow the same “Know your customer” (KYC) and “Anti-money laundering” (AML) rules, as do other companies related to digital assets.

By Willmen Blanco


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