Coin Cloud, a U.S.-based Digital Currency Machine (DCM) company, announced on Monday it has installed its 1,250th kiosk. Founded in 2014, Coin Cloud claims to be the world’s largest network of two-way digital currency kiosks.
“We provide the easiest way to buy and sell Bitcoin and other digital currencies, making vital financial services accessible to everyone, including the unbanked and underbanked. Our mission is to bring digital currency to ALL.”
Speaking about the milestone, Chris McAlary, CEO of Coin Cloud, stated:
“Our 1,250th installation is the result of exponential growth. We deployed over 50 kiosks this week during the holidays, and doubled our installed base every six months for the last two years. t’s exciting to see consumer and retailer demand for DCMs grow so quickly. People want more control over their finances, and we’re living proof of digital currency’s mainstream acceptance.”
McAlary also explained:
“Our machines meet a critical consumer need because they grant anyone an instant, trusted gateway to the digital economy. We make the intangible tangible, converting digital currency to physical currency and vice versa on demand. Previously, digital currency users would have to meet in person to trade Bitcoin for cash. Coin Cloud’s integration of DCMs with digital wallets are becoming the cash machines of the 21st century. They are being embraced and taking over at an ever-increasing rate.”
Coin Cloud also revealed that it offers a free mobile wallet app to complete a “seamless customer experience.”