Crypto ATM Company Coinsource Earned A Serious Income Boost in 2019

February 15, 2020 | By | Reply | 55 Readers More


It looks like bitcoin ATMs are becoming far more popular. Companies like Coinsource, which provides bitcoin ATMs to regions throughout the U.S., claims it earned more than $50 million in 2019, more than double what it garnered during the previous year, and things are only looking up.

Coinsource Is Giving the Crypto ATM Arena the Boost It Needs

One of the reasons Coinsource is experiencing such growth is likely due to its latest tactic of going to standard fiat ATM providers and helping them to switch over to crypto-based machines. CEO Sheffield Clark says that he and his team have spent solid periods of time discussing the properties and benefits of crypto machines with traditional ATM providers and have had much success in getting them to “see the light” and offer more digital currency machines.

Once this occurs, they’re seemingly entitled to profit from their efforts. In…

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