The Brown Derby on Tulane just got really modernized with a new digital currency ATM, which the co-founder of Texas based company Coinsource believes is the future of money. Bitcoin was the highest performing currency of 2015, and has done even better this year. They aren't printed like conventional dollars; they are produced by computers and held electronically.
New York-based bitcoin ATM provider Coinsource said Thursday it had expanded its offerings in San Diego, adding two new machines in Oceanside and National City. Coinsource provides a way for users to buy or sell bitcoins, a digital-only currency, for cash. Coinsource, which was founded last year, charges up to a 7 percent transaction fee, with lower prices for high volume transactions.
Coinsource, the reliable and secure national bitcoin ATM network, today announced the installment of the first bitcoin ATM serving the Kearny Mesa community of San Diego. Located at 4919 Convoy St. at the Mesa Liquor & Wine Co., the newest Coinsource location in San Diego is conveniently located off major freeways east of I-805, south of 52 and west of 163.
Coinsource, the National Bitcoin ATM Network, announced its single largest installation of bitcoin ATMs to date, launching seven new machines across the Los Angeles area and two more bitcoin ATMs in Las Vegas. Coinsouce is now the largest bitcoin ATM provider on the West Coast with 16 machines in San Francisco, Silicon Valley, Los Angeles, Las Vegas, and San Diego.
Four bitcoin ATMs have been installed in LA proper, with one each in Lynwood, Long Beach and Torrance. Coinsource maintains the lowest transaction fee of any major bitcoin ATM network and now has a total of 30 machines in five states across the country. Coinsource CEO and Co-Founder Sheffield Clark said his company is expanding quickly, in concert with the growing demand for digital currency, with bitcoin now trading above $450, up from $220 one year ago.