Blue Ridge Bank from the US state of Virginia will be the first public bank in the US, in which ATMs will have the function of buying bitcoin.
In the United States, since 2013, there have been vending machines for the first cryptocurrency, but it is Blue Ridge Bank that will be the first public bank to provide such a function. The decision to launch the feature was made due to the high demand for bitcoin.
“We are trying to anticipate the needs of our customers, both present and future,” Blue Ridge Bank CEO Brian Plum told the local Richmond Times-Dispatch.
To work with cryptocurrencies, Blue Ridge has entered into an agreement with the national ATM operator BluePoint ATM Solutions and the company LibertyX, which develops software for ATM.
To buy BTC at Blue Ridge Bank ATMs, users need to install the LibertyX mobile app on their smartphone, as well as create a wallet for digital assets.
At the same time, any users, not only Blue Ridge Bank customers, will be able to buy bitcoin at ATMs. In addition, users will be able to exchange their BTC and receive cash immediately.
Recall that in September last year, the number of cryptomats installed around the world exceeded 10,000. At the moment, according to the Coin ATM Radar resource, the number of such devices exceeds 15,000.