Coinsource, World’s largest bitcoin ATM network, Completes Historic Bulk Installation on US West Coast with 35 ATMs

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Coinsource, the world’s leading bitcoin ATM network, has added 14 new machines in California this month, marking their largest ever multi-machine installation in any area. Last year, the bitcoin ATM giant was adding an average of 1.2 machines per week; now just two months into the new year, they are installing them at a rate of 2.3 machines per week. With the addition of 14 new machines across Northern (6) and Southern California (8), Coinsource becomes the state’s leading bitcoin ATM operator, with 32 machines active across the state. Coinsource now controls 30% of the Bitcoin ATM market in the Golden State.

CEO and Co-founder of Coinsource Sheffield Clark said:

“In the past, we’ve seen a tremendous amount of success with our machines on the West Coast. California is currently the most densely populated state with bitcoin ATM machines, and to become the leader in this market is a proud moment for our company. The double-digit addition in the Golden State is testament to the team’s hard work and our loyal customers. A trend we stay atop of is the increased utility and adoption of bitcoin, and its extremely exciting to see its transition from niche to mainstream.”

Coinsource has added 8 new machines in Southern California, with 1 located in San Marcos, 2 in San Diego, 1 in Santa Ana, 1 in Pacoima, and 3 in Los Angeles area. In Northern California, Coinsource installed six new kiosks; one each in the cities of Santa Clara, Sacramento, Daly City, Fremont, Hayward, and Richmond.

“We are always looking for ripe new markets to expand into and are really excited about entering Q2 closing in on a total of 100 machines. Whilst that is a milestone worth celebrating, what we’re most thrilled about is the industry as a whole. Machines are popping up in countries like China, Russia, South Korea, Ireland, Mexico and France, so it’s great to know that accessibility to our generation’s hottest asset is increasing everyday,” Clark concluded.

The Coinsource bitcoin ATM network offers amongst the lowest of fees in the industry, with 96 machines across the country. Coinsource currently has machines spread throughout California, Louisiana, Missouri, Nevada, New Jersey, New York, Pennsylvania, Tennessee, and Texas.

For more information, please see the details below or visit www.coinsource.net

About Richard Kastelein

Founder of industry publication Blockchain News, partner at ICO services collective CryptoAsset Design Group (helped raise over $200m+), director of education company Blockchain Partners (Oracle Partner) and ICO event organiser at leading industry event  CryptoFinancing (first ICO event in Europe) - Richard Kastelein is an award-winning publisher, innovation executive and entrepreneur. He sits on the advisory boards of half a dozen Blockchain startups and has written over 1200 articles on Blockchain technology and startups at Blockchain News and has also published pioneering articles on ICOs in Harvard Business Review and Venturebeat.
 
Kastelein has spoken (keynotes & panels) on Blockchain technology in Amsterdam, Antwerp, Barcelona, Beijing, Brussels, Bucharest, Dubai, Eindhoven, Gdansk, Groningen, the Hague, Helsinki, London, Manchester, Minsk, Nairobi, Nanchang, San Mateo, Shanghai,Tel Aviv and Venice. His network is global and extensive.
 
He is a Canadian (Dutch/Irish/English/Métis) whose writing career has ranged from the Canadian Native Press (Arctic) to the Caribbean & Europe. He's written occasionally for Harvard Business Review, Wired, Venturebeat, The Guardian and Virgin.com and his work and ideas have been translated into Dutch, Greek, Polish, German and French.
 
A journalist by trade, an entrepreneur and adventurer at heart, Kastelein's professional career has ranged from political publishing to TV technology, boatbuilding to judging startups, skippering yachts to marketing and more as he's travelled for nearly 30 years as a Canadian expatriate living around the world.
 
In his 20s, he sailed around the world on small yachts and wrote a series of travel articles called, "The Hitchhiker's Guide to the Seas' travelling by hitching rides on yachts (1989) in major travel and yachting publications. He currently lives in Groningen, Netherlands where he's raising three teenage daughters with his wife and sailing partner, Wieke Beenen.

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