Consumers Can Now Purchase Bitcoin At ATMs Via LibertyX Partnership

Posted On: 10/18/2018

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BOSTON -- LibertyX, a nationwide network for buying bitcoin, and ATM manufacturer Genmega have unveiled what they claim is America's first debit bitcoin ATM. Consumers will be able to use their debit card to purchase bitcoin at up to 100,000 ATMs in the U.S. Through this partnership, any Genmega ATM can enable the LibertyX capability and start selling bitcoin to consumers via a simple update process.
LibertyX said the new ATM benefits both consumers, ATM operators and merchants. The familiarity of the ATM helps lower the learning curve for consumers when trying out new cryptocurrency technology. Additionally, cryptocurrency enthusiasts will now be able to purchase bitcoin from their neighborhood ATM instantly. The buying process is very similar to withdrawing cash from an ATM, except instead of cash being dispensed, the customer will receive bitcoin.
For merchants and ATM operators, LibertyX is a revenue-generating product that can be enabled without any upfront cost or new hardware.
"ATM operators are always looking for ways to grow volume and transactions," said Genmega senior vice-president of sales Wes Dunn. "We are excited to work with LibertyX on this new initiative that will drive additional foot-traffic to merchant locations and provide added revenue to our operators -- ensuring they stay ahead of the market and bring added value to consumers."