Sunday, July 21, 2024

Bitcoin reaches ATMs of the United States banks for the first time


Last Tuesday, February 10, Ridge Blue Bank, a commercial bank that has been operating in the United States since 1983, announced through a press release that 19 ATMs are now available, where cardholders of this bank can buy and sell bitcoins.

Ridge Blue Bank (RBR) is the first bank in the world, which integrates the service of buying and selling bitcoins to its ATMs withdrawal and deposit of fiat money. In other words, these ATMs are not special to Bitcoin, like those that have been installed since 2013 around the world, but they integrate all the functions.

The integration of this service to existing ATMs was made possible by Ridge Blue Bank’s association with the ATM solutions company, BluePoint ATM, and the bitcoin ATM network company, LibertyX. According to BRB CEO Brian. K Plum this new evolution in the Bitcoin system “(…) reinforces our commitment to the future of banking for all clients”.

At Press release by Ridge Blue Bank published Per PR Newswire, you can read how Plum, Chris Yim, CEO of LibertyX, and Wade Zirkle, CEO of Blue ATM Solution, celebrate this new step in banking. This is how Yim expresses it in the following statement:

We are honored to work with Blue Ridge Bank and BluePoint. For years, consumers have been requesting the ability to buy bitcoins from their banks. We are proud that BRB is the first bank in the country to offer bitcoin services at its ATMs.

Chris Yim, CEO of LibertyX.

On the other hand, the CEO of Blue ATM Solution has faith that more and more community banks Y credit unions join this process, and at the same time highlights: “(…) we are excited to be leaders in this space.”

One of the factors of the growing demand from users on Bitcoin this week is due to Elon Musk’s announcement, reviewed in CriptoNoticias, where it communicates the purchase of USD 1.5 billion in this cryptocurrency. Little by little, large companies are adopting this system, the automotive giant, part of the banking system, who will be the next?

Ebenezer Robbins
Ebenezer Robbins
Introvert. Beer guru. Communicator. Travel fanatic. Web advocate. Certified alcohol geek. Tv buff. Subtly charming internet aficionado.

Share post:


More like this

Top Reasons to Buy Instagram Likes from

Buying Instagram followers is a strategy some individuals and...

Green Glamour: How to Achieve Eco-Friendly Acrylic Nails

In the vibrant world of beauty and nail care,...

The Future Of Horse Racing In The Digital Age  

Horse racing, a sport steeped in tradition and history,...

How to Sell CS:GO Skins for Real Money

CS:GO skins have become not just an ordinary design...