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“In terms of positioning our products all over the country, we’re planning to have most of them in place by the end of the year, and are looking for location partners in shopping malls, restaurants and night clubs,” CryptoVision president Sergey Yesayan said in a statement.
The deal, in which CryptoVision will become the exclusive manager of BitXatm’s machines in the U.S. and Canada, was announced Saturday at the North American Bitcoin Conference in Chicago.
According to CoinDesk, Yesayan also said that the company plans to treat the ATMs as vending machines—dealing with the financial responsibilities and licensing—though qualified operators can get the machines for free. Business owners can reach out to the company on its website to demonstrate interest in hosting one of the ATMs. The qualification process begins July 25 and the company hopes to roll out the first round of machines in October.
“Our main objective is to bring knowledge about crypto-currencies and their direct benefits for the regular people into the community. We found BitXatm to be the perfect partner to build a BTM network in the US, bring bitcoins a little closer to the regular guy, and facilitate widespread adoption of digital currencies,” Yesayan said.
“We strongly believe that BitXatm represents an essential element of the new ecosystem, providing the public with the easiest way to buy bitcoins – something that held back wider adoption of bitcoins in the past. Our response is to have increasingly more BitXatm machines deployed in the field,” Gabriel Prodanescu, BitXatm CEO, said in a statement.
Bitcoin ATMs are not new to LA. expresscoin recently launched the area’s first machines in organic convenience stores in Hollywood and Venice. Jordan Kelly, CEO of manufactuer Robocoin, said the ATMs were a good way to familiarize people with Bitcoin and make it more tangible.
“Bitcoin is still a little scary for consumers,” he told the Los Angeles Times. “We try and make it as simple as possible, and with this platform we do that.”
