La Crosse announced plans to install over 800 crypto ATMs

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The American electronics manufacturer La Crosse, in partnership with Coinsource, is going to deploy a network of cryptomats in Kwik Trips convenience stores.

La Crosse Company planned install more than 800 ATMs at Kwik Trips convenience stores in Wisconsin, Minnesota, Illinois and Iowa.

La Crosse assures that ATMs will be located in the most “convenient and easily accessible” places. Customers will be charged up to an 11% commission for making crypto transactions on the Kwik Trips network. This is higher than the fees on traditional cryptocurrency exchanges. However, transactions through machines are popular among people who want to cash out crypto assets without going through the identification procedure (KYC).

Dave Wagner, Financial Controller of the Kwik Trip network, said that cryptomats have already been installed in 200 stores, but the reaction of customers is still being studied, since the project itself is at an early stage of development:

“We are confident in the success of cooperation with Coinsource, however, it has not been long enough to have a clear understanding of the use of cryptomats and the feedback from our guests. In addition, we have not yet given any advertising to tell guests that there are cryptomats in our stores.”

Coinsource CEO Sheffield Clark is confident in the successful development of the project. His company is the world’s largest ATM operator with more than 2,500 devices in 46 states:

“80% of the country’s population lives within 15 minutes of a device operated by Coinsource. The partnership with Kwik Trip makes sense as it allows us to continue our mission of providing access to cryptocurrencies for every American.”

According to the analytical service Coin ATM Radar, about 22 new cryptomats are installed daily in the world, and the total network infrastructure has exceeded 37,000 devices.


Source: Bits

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