(CNBC) A different kind of ATM is setting up shop in your local convenience store. These machines look like traditional banking kiosks, but they allow customers to buy bitcoin in cash. Bitcoin ATMs, or BTMs, exploded in popularity between 2020 and mid-2022, at the height of the crypto craze. At their peak, BTMs totaled 34,000 across the U.S., according to Coin ATM Radar.
Why bitcoin ATMs are taking over malls and gas stations across the U.S.
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