Crypto ATM Network Coinsource Expands Into Upstate New York

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With a New York state Bitlicense in hand, Coinsource is now expanding into new areas. And with the addition of machines in four more states, the cryptocurrency ATM network now operates over 200 kiosks in more than 20 American jurisdictions.

Empire State of Mind

Coinsource, the Texas-based cryptocurrency ATM network, has announced plans to expand into upstate New York, where it will install kiosks in Albany, Syracuse, Buffalo and Rochester. The move comes shortly after the company revealed it had secured a virtual currency license, or Bitlicense, from the New York State Department of Financial Services.

“We started Coinsource because we believed in the power of Bitcoin, and its accessibility to those whose access to financial institutions has been hindered. Now that New York State regulators have given Coinsource the seal of approval, it is our hope that New Yorkers across the state will seize the opportunity to access the digital asset class of the future,” said Sheffield Clark, CEO of Coinsource. “We are dedicated to operating within all 50 states, and fully expect our expansions to continue as the technology matures and the general public begins to understand and utilize cryptocurrency to a greater degree.”

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