Virtual currency exchange company Bitcoin of America has increased its number of ATMs by more than 30% since May.
Bitcoin of America had nearly 1,800 Bitcoin ATMs in March. In two months, this number increased to more than 2,500 BTMs in more than 250 locations around the US
Until March, Bitcoin ATMs offered the ability to buy Bitcoin (BTC), Litecoin (LTC), and Ethereum (ETH). With the expansion of the network, Bitcoin of America has widened its ecosystem in terms of integrated coins. In March, it started offering Dogecoin (DOGE) and added Shiba Inu (SHIB) in April. Now, users can buy all five currencies from Bitcoin ATMs using their debit cards or PayPal accounts.
Shiba Inu and Dogecoin in payments
The newly added coins to the Bitcoin ATM network, Shiba Inu and Dogecoin, are recently on the rise in payment utility. In April, American movie theater company AMC announced that it is accepting payments in Dogecoin and Shiba Inu.
With the announcement of their 2022 roadmap in April, the Dogecoin team set the goal for Dogecoin to become the “currency of the internet.”
Rather than remaining a meme coin, the project team said that they’d focus more on the utility side and turn Dogecoin into a valid method of payment for everyone in the world. The group laid out a step-by-step roadmap to improve Dogecoin’s technology and payment utility abilities.
Elon Musk has already been boosting Dogecoin for years and accepting payments in Dogecoin for Tesla. Recently he announced that he’s accepting payments in Dogecoin for SpaceX merchandise as well, following which the price jumped 5%.
On June 3, US Senate candidate Timothy Ursrich expressed his desire to make Dogecoin the legal tender in California. To support his efforts, he asked Elon Musk and Dogecoin’s co-founder Billy Markus to help his campaign.
In May, Shiba Inu announced an update and introduced the SHI Stablecoin. The SHI stablecoin is at the stage of final testing before going live.
Shiba Inu’s anonymous founder Riyoshi wrote about Shiba Inu’s goal to become a method of payment and said:
“The end goal is that SHI (operating both on ETH and the Shibarium) becomes a global stable currency that plebs across all countries are able to use as both a store of value and method of payment.”