Coinsource Adds 11 New Machines in Texas to Meet Growing Demand

Coinsource, the National Bitcoin ATM network, today announced the launch of eleven new machines across Texas. The Lone Star State becomes the fastest growing market for Coinsource ATMs in Q4 and is now home to the third highest concentration of Bitcoin machines per state, behind California and New York. The roster of Coinsource machines in Texas rose from 3 to 14 in the months of October and November as the Fort Worth-based company met community requests during surging bitcoin performance and significant trading volumes in the South. Coinsource also installed the state’s first two-way machine, meaning customers can buy and sell the world’s most valuable cryptocurrency, currently valued at $12 billion USD, directly from a machine without having to go through an exchange.

Coinsource CEO Sheffield Clark said, “We are adding more and more ink spots to the map and there are no signs of slowing down. In fact, it has been difficult to meet such intense demand but we are scaling as best we can; we’ve implemented the right procedures, we’ve focused attention on compliance and convenience, and we’ve hired the right staff to keep servicing an exponentially growing customer base.”

In Texas, Coinsource machines are located throughout Houston, Fort Worth, Pasadena, San Antonio, and Austin. In total, Coinsource operates 67 machines across eight states, including New York, New Jersey, Pennsylvania, Texas, Louisiana, Nevada, California and Tennessee.

Two of Coinsource’s three co founders, Sheffield Clark and Bobby Sharp, hail from Texas and have focused efforts on bringing bitcoin to local consumers in key population centers. This week they installed the state’s first two-way machine in Fort Worth, at the Shell Gas station on Cleburne Road.

“We are delighted to install Texas’s first two-way kiosk in the same city as our headquarters. Our main focus is fulfilling the needs of our customers, and we carefully monitor and consider trends, vehicle and foot traffic, and opening hours when installing our new machines. It is a humbling experience to represent Texas with a thriving startup and to have the opportunity to contribute to its rapidly evolving economic and technological climate,” said Clark.

“By the end of 2016, we aim to have 70 machines operating across the US. We have accomplished our goal of becoming the largest Bitcoin ATM in the nation far quicker than we expected.”

In addition to the 11 new machines in Texas, one more was added in Louisiana. A new Coinsource ATM can be found at Nathan’s Discount Mart, located at 401 Lapalco Boulevard in Gretna, LA.