Blue Ridge Bank of US state of Virginia will be the first public bank in the United States, where ATMs will have the function of buying Bitcoin.
In the United States, since 2013, there have been ATM machines for buying first cryptocurrency. But in banking sector, it is Blue Ridge Bank that will be the first public bank to provide such a function.
The decision to launch Buying Bitcoin feature was made due to the high demand for Bitcoin.
Blue Ridge Bank CEO Brian Plum told the local Richmond Times-Dispatch:
“We are trying to anticipate the needs of our customers, both present and future,”
To work with cryptocurrencies, Blue Ridge has entered into an agreement with the national ATM operator BluePoint ATM Solutions and LibertyX, a company that develops software for ATM.
To buy BTC at Blue Ridge Bank ATMs, users need to install the LibertyX mobile app on their smartphone, as well as create a wallet for digital assets.
At the same time, any users, not only Blue Ridge Bank customers, will be able to buy Bitcoin at ATMs. In addition, users will be able to exchange their BTC and receive cash immediately.
Recall that in September last year, the number of ATM’s for buying Bitcoin, around the world exceeded 10,000. At the moment, according to the Coin ATM Radar resource, the number of such devices exceeds 15,000.
Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
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