American city administration installs a bitcoin ATM at the international airport.
The city of Williston in North Dakota (USA) administration has entered into an agreement with the cryptocurrency ATM operator Coin Cloud. The company has installed BTC ATMs at Williston-Basin International Airport.
City Finance Director Hercules Cummings said:
“This is an ambitious step in introducing and engaging the public towards cryptocurrency while proactively playing a role in building the digital ecosystem. We partnered with BitPay to accept digital currency for city utility bills and now with a municipal-hosted DCM, we are creating a successful road map for the public to embrace cryptocurrency. Although we are a smaller rural community, we are making an impact. Taking this small step may pave the way for other government and commercial entities to follow suit.”
Coin Cloud offers a non-custodial crypto wallet app for customers to manage their digital assets. Users can also establish a digital wallet directly with BitPay or via an online service, such as Coinbase or Binance.
Ticketed passengers and non-travelers can now instantly buy and sell over 40 virtual currencies including Bitcoin, Dogecoin, Shiba Inu Coin, Cardano, and Ethereum with cash. Individuals can also use the DCM to withdraw cash from their digital wallets.
The DCM is convenient for users who prefer not to use their bank or debit card, or who are unbanked without access to traditional financial services. Instead, users can purchase and sell cryptocurrency directly using a digital wallet.
The Williston administration highlighted the City of Williston does not act as the fund custodian or manage any crypto transactions. Purchases and withdrawals are handled by the DCM operator, Coin Cloud.
Coin Cloud operates over 4,000 cryptocurrency ATMs in the US and Brazil. The company’s product ecosystem includes a non-custodial wallet, mobile app, and OTC trading platform.
The City of Williston partnered with major crypto payment firm BitPay in May 2021 to start accepting cryptocurrencies like Bitcoin as payment for utility bills. Apart from Bitcoin, citizens can also pay their utility bills with Bitcoin Cash (BCH), Ethereum (ETH), Wrapped Bitcoin, Dogecoin, Litecoin (LTC), and five USD-pegged stable coins like the Gemini dollar (GUSD), the USD Coin (USDC), and the Binance USD (BUSD).
Source: https://cityofwilliston.com/news_detail_T18_R1155.php
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