Coinsource installs new software across its bitcoin ATM network

Coinsource, the bitcoin ATM network company has revealed today a new in-house software stack to improve the user experience at each of their nearly 400 bitcoin ATM machines across the United States. Previously powered by a third-party software, the new Coinsource proprietary software will reduce bitcoin transaction delays, improve QR code scanners, support bill pay functionality, and introduce a one-time promotion for fee-free purchases for first-time users.

The company believes that its move to in-house software will help improve the Coinsource ATM and mobile app experience so that users of any age or technical expertise can easily manage its services.

Coinsource CEO Sheffield Clark said:

“Moving away from third-parties is one of the fundamental principles of Bitcoin, so it is only fitting that we created our own technology to streamline access to our generation’s fastest growing digital asset.The technology makes visits to our ATMs much quicker and easier, and it also allows other digital currencies to be added to each machine in the future. As our customer base continues to grow at unprecedented rates, we are focused on continually improving our services, as well as expanding into new cities, states, and countries across the world.”

“Even though the number of digital currency traders, investors, and enthusiasts increases by the day, there are still hundreds of millions of people around the world that don’t have the technological know-how to get involved. We have built our company around breaking down the barriers to entry and facilitating access in a way that almost anyone can understand, and in a way that they are already accustomed to. Our new mobile enrolment feature allows anyone to sign up to a Coinsource account remotely, from any device in the world, and activate a free first-time transaction.”

Coinsource’s 2018 growth strategy includes expansion into 25 US states, with over 400 machines across the country. They currently have almost 200 machines in 15 states; California, Oklahoma, Nevada, Texas, Louisiana, Missouri, New Jersey, New York, Pennsylvania, Tennessee, Arizona, Georgia, Rhode Island, New Hampshire, and Massachusetts.

Data shows the U.S. is the largest market for bitcoin ATMs, with over 1,300 machines. There are over 2,000 machines across the globe.