Bitcoin ATMs have become widely popular with the cryptocurrency boom in the year 2021 when half of the owners today made their purchases, as per Gemini’s survey. Besides BTMs, meme coins have also become quite popular, one of them being Shiba Inu. As per a recent press release, Bitcoin ATM operator Bitcoin of America confirmed the integration of SHIB tokens in their BTMs.
Bitcoin of America recognizing meme coins?
As per the press release published by PR Newswire, the BTM operator Bitcoin of America has confirmed that it will include Shiba Inu in its BTMs. This is because the Bitcoin ATM operator “recognized the growing popularity of Shiba Inu and decided it was time to include it in their BTMs.”
Another notable fact is that currently Bitcoin of America also offers Bitcoin, Litecoin, and Ethereum options and also added Dogecoin in the month of March of this year. The firm has been given the green signal to operate as a money services business by the United States Department of Treasury. The press release also added:
They [Bitcoin of America] launched their universal kiosks, which operate as a traditional ATM combined with BTM functions. Their point-of-sale system was created for their tablet program, which has allowed businesses to accept cryptocurrency as a new form of payment. Bitcoin of America is constantly expanding and improving its services.
BTMs making it big
A number of Bitcoin ATMs have popped up recently across the world, making it quite easy to implement crypto transactions. As seen in a previous report from Cryptonary, Walmart installed 200 Bitcoin ATMs at some of its outlets in the United States and intends to make 8,000. On the other hand, the ATMs in the United Kingdom have been shut down by the Financial Conduct Authority (FCA).
It will be interesting to see that with this integration of Shiba Inu by Bitcoin of America, what is the future of meme coins in the future.