US Crypto ATM Machine Now Supports Shiba Inu Tokens

US Crypto ATM Machine Now Supports Shiba Inu Tokens

Bitcoin of America ATMs are available across 31 states, with support for other cryptocurrencies like Ethereum, Litecoin, and Dogecoin.

The idea of a Bitcoin ATM, also called a BTM, has been around for almost a decade, with the first prototype launched 9 years ago in Vancouver, Canada. Right now, there are several places with fully-functioning crypto ATMs across the world including North America, Europe, and South Africa.

According to an official news release, Bitcoin of America has given its customers an option to purchase or sell Shiba Inu (SHIB) tokens through more than 1800 crypto ATMs in the United States.

Back in March, Bitcoin of America introduced Dogecoin as a supported cryptocurrency, and, with the addition of SHIB, it will be one of the first ATMs to accept and distribute memecoins alongside Coin Cloud.

In fact, the crypto ATM is fully registered with US regulators, including the Department of Treasury.

While the majority of the world is still reluctant to implement Bitcoin kiosks or ATMs, there have been talks that some countries in South America could be adding crypto cash machines to drive digital asset adoption. Back in February, El Salvador announced plans to launch 1,500 Bitcoin ATMs across the country.

Dom Z. - Crypto Analyst

by Dom Z. - Crypto Analyst, BitDegree