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October 4, 2022
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Bitcoin

Blue Ridge Bank allows you to buy BTC at its ATMs –

Blue Ridge Bank makes history. As the first commercial bank in the US, it allows customers to buy and sell Bitcoin through its ATMs.

Blue Ridge Bank will help you buy and sell BTC

In a new statement, Blue Ridge Bank, a Virginia-based commercial bank, announced that its customers can “buy and exchange” Bitcoin at 19 ATMs. He added that as part of the service, he cooperates with software providers for bitcoin ATMs – LibertyX and BluePoint ATM Solutions.

LibertyX co-founder and CEO Chris Yim admitted on this occasion that customers had been asking for some time about buying Bitcoin using conventional ATMs.

– For years, consumers have been asking us about the possibility of buying Bitcoins in their banks. We are proud that BRB is the first bank in the country to offer BTC services at its ATMs – He said.

To access the Bitcoin buying feature with a Blue Ridge ATM, interested users will need to install the LibertyX app on their smartphones. The device will be available to anyone who has a valid ATM card, regardless of the bank that issued it.

This is the beginning of a new era

BluePoint ATM Solutions CEO Wade Zirkle expects more traditional financial institutions to follow Blue Ridge’s footsteps as the demand for this type of service continues to grow.

– We anticipate that more local banks and credit unions will need innovative fintech solutions such as this one in their branches – added.

Although Blue Ridge is the first commercial bank in the US to offer Bitcoin access at its ATMs, bitmates, or devices that only support cryptocurrencies, have been in the market for over seven years. The world’s first bitomat was installed in Vancouver, Canada in October 2013.

According to Coin ATM Radar, the total number of bitomats in the United States is currently 12,885. The US has the largest number of such devices.

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