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Over 50 crypto ATMs to be installed at a major Hispanic grocery chain in the U.S.

Over 50 crypto ATMs to be installed at a major Hispanic grocery chain in the U.S.

Despite the uncertainties in the cryptocurrency market, digital assets are increasingly popular, giving rise to crypto ATMs, where individuals can buy or sell their digital assets. One place that is set to have these machines is America’s biggest Hispanic supermarket chain Cardenas Markets. 

Indeed, Cardenas Markets has announced a partnership with crypto ATM and digital currency machine (DCM) operator Coin Cloud to place crypto ATMs across all of its 59 stores in three U.S. states – Nevada, California, and Arizona, according to a press release on June 22.

This way, Cardenas Markets’ customers will be able to buy and sell Bitcoin (BTC) and more than 40 other cryptocurrencies, such as Ethereum (ETH), Cardano (ADA), Dogecoin (DOGE), Shiba Inu (SHIB), and ApeCoin (APE). The grocery chain’s Chief Operating Officer, Prabach Coswatte, said:

“We are pleased to offer cryptocurrency capabilities to our customers through Coin Cloud’s network of DCMs. (…) Through this unique offering, we continue to deliver on our commitment to meeting our customers’ evolving needs, especially in today’s digital world.”

According to Coin Cloud’s CEO Chris McAlary, the first of these machines will be placed in Cardenas Markets’ Las Vegas store.

Crypto ATMs in the U.S. and around the world

Meanwhile, U.S.-based crypto ATM operator Bitcoin of America has recorded a rapid expansion in the number of installations, operating over 2,500 Bitcoin ATMs in mid-June, which is more than a 38% increase from March.

In mid-May, Finbold reported that the number of Bitcoin ATMs around the world was 34,340 on January 1, and that number had grown by nearly 3,000, bringing the total to 37,338 as of May 10. There were 38,236 Bitcoin ATMs at press time, as per Coin ATM Radar data.

That said, not all countries are as open to crypto ATMs as the U.S. For instance, in March, the British Financial Conduct Authority (FCA) ordered all crypto ATM operators in the country to immediately shut down their machines for consumers or face legal action.

Earlier in January, the Monetary Authority of Singapore (MAS) issued new guidelines which, among other restrictions on cryptocurrencies, ordered the crypto ATM operators in the city-state to suspend their operations.

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