Virginia-based Blue Ridge will be the first public bank in the United States to offer a Bitcoin ATM feature.
In the United States, since 2013, vending machines for the first cryptocurrency have been operating, but it is Blue Ridge Bank that will become the first public bank to provide such a function. The decision to launch the function was made due to the high demand for Bitcoin.
“We try to anticipate the needs of our customers, both present and future,” Blue Ridge Bank CEO Brian Plum told local Richmond Times-Dispatch.
To work with cryptocurrencies, Blue Ridge has entered into an agreement with the national ATM operator BluePoint ATM Solutions and the company LibertyX, which develops software for ATM.
To buy BTC from Blue Ridge Bank ATMs, users need to install the LibertyX mobile app on their smartphones, as well as create a digital asset wallet.
At the same time, any user can buy bitcoin at ATMs, not just Blue Ridge Bank customers. In addition, users will be able to exchange their BTC and receive cash immediately.
Recall that back in September last year, the number of cryptomats installed around the world exceeded 10,000. Currently, according to the Coin ATM Radar resource, the number of such devices exceeds 15,000.
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