Coin Cloud deploys 1,250th kiosk
Coin Cloud, a digital currency machine company, has recently installed its 1,250th kiosk. This milestone for the company coincides with widespread digital currency adoption, according to a press release.
Coin Cloud is the only national operator of 100% two-way DCMs. These machines empower users to buy and sell bitcoin and numerous other digital currencies with cash at any Coin Cloud location. Currently, 61% of two-way DCMs in the U.S. are owned and operated by the company. The company has also introduced digital currency to consumers in mainstream retail by providing more than 5 million transactions to customers across 40 states and Brazil.
"Our 1,250th installation is the result of exponential growth. We deployed over 50 kiosks this week during the holidays, and doubled our installed base every six months for the last two years," Chris McAlary, CEO of Coin Cloud, said in the release. "It's exciting to see consumer and retailer demand for DCMs grow so quickly. People want more control over their finances, and we're living proof of digital currency's mainstream acceptance."