Market

US city sets up Bitcoin ATMs in airports after introducing crypto payments

The city of Williston, North Dakota, continues to research and take over the cryptocurrency industry by upgrading a cryptocurrency cash machine (ATM) at its international airport.

The city government has officially announced the installation of a “government-run cryptocurrency kiosk” at Williston Basin International Airport, which will allow passengers and non-tourists to buy and sell 40 types of digital currency. The list of supported coins includes Bitcoin (BTC), Ether (ETH), Dogecoin (DOGE) and Shiba Inu (SHIB).

For this initiative, the city of Williston has teamed up with the cryptocurrency service Coin Cloud, which provides the city with digital currency machines (DCMs). According to the company, DCM is “more than just a bitcoin ATM” as it enables users to buy and sell not just bitcoin but 40 other digital assets with cash. Coin Cloud says, “Old Bitcoin ATMs can’t do any of that.

Hercules Cummings, the CFO of the city of Williston, told that the effort could be “the first instance of a government-organized crypto airport and ATM” in the United States. Now he also predicts the city’s crypto payment volume will increase, saying:

“With the government now accepting cryptocurrencies for utility payments while also hosting crypto ATMs, the government is a major player in delivering the public and accelerating the adoption of cryptocurrencies.”

The next step for the City of Williston is to put a crypto ATM in City Hall when there is higher demand at the airport, the official noted. “As part of our roadmap, we will eventually move these payment corridors to permits, permits and other fees in the city,” he added.

Hercules Cummings completes transaction with DCM. Source: City of Williston

While the City of Williston supports the adoption of cryptocurrencies, its administration does not act as a fund custodian or administrator of cryptocurrency transactions. The DCM operator Coin Cloud handles purchases and withdrawals.

DCM’s primary goal is “to arouse public curiosity about the growing adoption and portfolio adoption of an asset class,” said Cummings. “We firmly believe that simple but big steps like these will get there. We look forward to continuing to make a transformative impact and positioning ourselves as a key player in this technology initiative, ”he added.

Related: Venezuela International Airport Accepts Bitcoin Payments: Report

Aspreviously reported, the city of Williston partnered with major crypto payment company BitPay in May 2021 to accept cryptocurrencies like Bitcoin as payment for utility bills.

In addition to Bitcoin, residents can now pay their utility bills with Bitcoin Dollar, Ether, Wrapped Bitcoin, Dogecoin, Litecoin, and five USD-linked stablecoins such as Gemini Dollar (GUSD), USD Coin (USDC) and Binance USD (Cummings said).

.

.

Annie

Championing positive change through finance, I've dedicated over eight years to sustainability and environmental journalism. My passion lies in uncovering companies that make a real difference in the world and guiding investors towards them. My expertise lies in navigating the world of sustainable investing, analyzing ESG (Environmental, Social, and Governance) criteria, and exploring the exciting field of impact investing. "Invest in a better future," I often say. That's the driving force behind my work at Coincu – to empower readers with knowledge and insights to make investment decisions that create a positive impact.

Recent Posts

Gate.io Launches USDE Financial Products with Annualized Returns of Up to 54%, Ushering in a High-Return Era for Stablecoin Investments

Nov 18th, Panama - Gate.io, a global leader in digital asset trading, has officially unveiled…

1 hour ago

Bitdeer Convertible Notes Worth $360 Million Offered for Expansion Efforts

The Bitdeer convertible notes offer a 42.5% conversion premium, allowing conversion into cash with the…

2 hours ago

Sui Foundation Enters into Strategic Partnership with Franklin Templeton Digital Assets

Grand Cayman, Cayman Islands, 22nd November 2024, Chainwire

2 hours ago

Best Cryptos to Invest in December 2024: Qubetics Surges Past $2.6M as Solana Records Big Whale Pump and Polkadot Aims for $6

Best Cryptos to Invest in December 2024: Qubetics surges past $2.6M, Solana’s whale pump ignites…

4 hours ago

Bitcoin Trader Turned $100M in His 20s—Now Reveals 5 Altcoins to Build a $50M Portfolio, With Memecoins Leading the Way!

As Bitcoin reaches unprecedented heights and the market surges, he's highlighting five altcoins poised for…

5 hours ago

Which Crypto Will Explode in the 2024-2025 Bull Run?

With the crypto market reaching new peaks, many are eager to discover digital currencies poised…

5 hours ago

This website uses cookies.