Bitcoin ATMs seem to be making appearances everywhere. Only recently was it reported that a new BTM had been installed outside a cupcake shop in Nebraska. Now, Orange County in California has a new technological resident to acquaint itself with.
Situated inside the Mission Market Express at the new Anaheim Regional Transportation Intermodal Center, the two-way bitcoin ATM was launched by bitcoin kiosk provider ZenBox, located in Santa Monica, and more than 10,000 commuters will have access to it daily.
ZenBox’s Timothy Curry explains:
“When Mission Market’s owner Roland Foss heard that both Overstock.com and the Sacramento Kings began accepting bitcoin, he immediately saw the market opportunity for his business… Bitcoin enthusiasts have traveled to Mission Market Express from over an hour away just to buy items with bitcoin, and now the store will benefit from one of the most highly-trafficked bitcoin kiosks to date, bringing customers from well beyond Orange County, along the many railway and bus lines converging here.”
While there’s excitement a-plenty regarding the new machine, others are hesitant to join in the bitcoin merry-making, and still hold reservations regarding the digital currency’s reliability. As Tremont Capital CEO Sam M. Ditzion says of bitcoin ATMs:
“The business and profitability models for ATMs both need to be refined and proven further. If there is more visibility in regards to the regulatory environment worldwide, and a business case exists for ATMs, I suspect we would see a wide range of new players quickly emerge followed by rapid consolidation.”
ZenBox is now the largest bitcoin kiosk network, with over 18 locations in the United States.