BitStop ATM firm partners with U.S. mall operator

27 Nov 2019

Bitcoin ATM company BitStop has joined forces with the largest U.S. shopping mall operator, Simon Malls, to install Bitcoin ATM’s at numerous locations.

Earlier this week, BitStop revealed it has installed Bitcoin ATMs within five Simon Malls establishments in California, Florida and Georgia, Coin Telegraph reports.

According to the co-founder and CEO of BitStop, Andrew Barnard, the ATM’s were installed before the holiday season: “With the strategic timing of this new installation of Bitcoin ATMs at Simon Mall locations, customers can conveniently buy Bitcoin while doing their Black Friday and Christmas holiday shopping.

“Bitcoin is the perfect gift for family and friends this holiday season. Our BitStop Bitcoin ATM mall locations are at the forefront of a trend as Bitcoin and digital currencies become part of the mainstream culture.”

BitStop is planning to expand its Bitcoin ATM network by more than 500 locations by the end of next year, according to Barnard: “We want to make sure our customers always have convenient access to our Bitcoin ATMs. There are now over 130 convenient BitStop Bitcoin ATM locations across the country, with many more growing every month. We intend to expand our BitStop network to include 500+ locations by the end of 2020.”

This latest partnership follows the company’s previous installation of a Bitcoin ATM at Miami International Airport, which was announced last month.
The company’s co-founder and chief strategy officer Doug Carillo said Bitcoin is useful for travellers: “More and more people prefer to travel with Bitcoin instead of cash for convenience and security. Miami International Airport is a perfect place for our customers to conveniently exchange their dollars for Bitcoin and vice versa when travelling domestically or abroad.”

As reported earlier in November, the number of Bitcoin ATMs installed globally exceeded a new milestone. Data at the time revealed there were more than 6,000 machines across the world, 65% of which are located in the United States, adds Coin Telegraph.

The data also revealed that the average daily number of Bitcoin ATM’s being installed is 11, the fastest pace in 2019.