Coinsource installs its first bitcoin ATMs in Arizona

Coinsource, the bitcoin ATM network, has just launched five new machines in the Phoenix, Arizona Metropolitan Area, marking Coinsource’s first venture into the western state.

The bulk installation caps off a Q1 and Q2 for the Texas-based company, which has installed 50 machines so far this year, increasing its portfolio to 116 machines across 10 states.

The five new bitcoin ATMs have been installed in Phoenix, Peoria, and Mesa (with exact addresses below).

Coinsource CEO and Co-Founder Sheffield Clark said:

“We are really excited about our reach into Phoenix, one of America’s largest metropolitan areas geographically, and the fifth largest by population. We simply addressed a market need there and we are proud to provide more options to people who are starting to use bitcoin or want to use it, as commonly as they use cash or credit cards.”

“We are also proud to start doing business in a state that is so blockchain technology progressive. In March, Arizona Governor, Doug Ducey signed a bill recognizing blockchain signatures and smart contracts as state law.”

“Coinsource has had a busy three months; we’ve conducted several recruitment rounds, strengthened our team to 20, and are now close to announcing significant projects outside the US. Q3 is set to be our biggest quarter yet, with a higher rate of installations planned, more team members coming on board, and more state by state market entrance.”

Concurrent to the installation in Arizona, Coinsource also added two machines in Los Angeles, and two in Las Vegas.

According to ATM tracking website, CoinATMRadar, Coinsource controls 15% of the bitcoin ATM market. Coinsource has a strong presence in California, Nevada, Texas, Louisiana, Missouri, New Jersey, New York, Pennsylvania, Tennessee, and Arizona.

NEW PHOENIX AREA BITCOIN ATM LOCATIONS:

Mesa
LOCATION: Max Mart, 735 E McKellips Rd., Mesa, AZ 85203
HOURS OF OPERATION: Daily: 9AM-10AM Sunday-Thursday 9AM- 12PM Fri-Sat
ATM TYPE: GenesisCoin 1-Way Bitcoin ATM
FEES: 7% Buy

Phoenix
LOCATION: Simon Chevron, 1901 W Bethany Home Rd., Phoenix, AZ 85015
HOURS OF OPERATION: Daily: 24/7
ATM TYPE: GenesisCoin 1-Way Bitcoin ATM
FEES: 7% Buy

Phoenix
LOCATION: Speedy Stop Food Store, 5033 S 16th St., Phoenix, AZ 85040
HOURS OF OPERATION: Daily: 8:30AM-10PM M-F
ATM TYPE: GenesisCoin 1-Way Bitcoin ATM
FEES: 7% Buy

Peoria
LOCATION: Cactus Shell, 6730 W Cactus Rd., Peoria, AZ. 85381
HOURS OF OPERATION: Daily: 24/7
ATM TYPE: GenesisCoin 1-Way Bitcoin ATM
FEES: 7% Buy

Phoenix
LOCATION:D&S Market, 2340 N 32nd St.,Phoenix, AZ.85008
HOURS OF OPERATION: Daily: 11:30AM–10PM Sunday – Thursday 11:30AM – 11PM Fri-Sat
ATM TYPE: GenesisCoin 1-Way Bitcoin ATM
FEES: 7% Buy