New York Authority Grants License To Open ATMs For Purchasing Cryptocurrency

Recently, Department of Financial Services aka DFS at New York approved licenses to Robinhood Crypto, so that customers of New York can use their debit cards to buy Bitcoin at selective ATMs over the city.

Basically, Libertyx will offer this service to the citizens, which is an authenticated bit licensee. Also Robinhood Crypto was granted the similar day.

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Libertyx helps to facilitate to ease the purchase of digital currencies via ATMs throughout the United States. Recently, it announced the launch of its first ATMs back in February 2014 at Boston. Much prior to its expansion on Bitcoin ATMs startup at Harvard and MIT.

Back in previous year, Libertyx joins Genmega, an ATM manufacturer into the partnership announcing the first debit bitcoin ATM in the nation. Eventually the purchase of Bitcoins seamlessly integrates within a regular withdrawal procedure.

Currently, there are around 10,000 ATMs that are providing some facilities across the country. Hence it is also accessible to use them for New Yorkers. The New York State DFS playing this move towards becoming a leader within the area of banking and Fintech innovation. According to a statement:

To date, DFS has approved sixteen charters or licenses for companies in the virtual currency marketplace. In New York, Libertyx, which will provide consumers the sale of bitcoin through debit terminals, is the first [NY] DFS virtual currency licensee to allow customers to use debit cards to purchase bitcoin from traditional ATMs.

With the use of such ATM along with debit card need the client to seamlessly download Libertyx mobile app and register an account. Moreover, an approved account will have a chance to purchase Bitcoins for $3,000 worth every day.

The regulators are reviving a new wave of approvals which is now applicable to bitlicensees, welcoming a move towards an overall cryptocurrency adoption to boost up the daily business as the majority of the enthusiasts are running their support over twitter.

What is your opinion on these ATMs for purchasing cryptocurrencies? Share your thoughts on our Twitter and Facebook pages. 

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Crypto Journalist and Editor of guest articles in CoinPedia. Also, Outreach & Partnerships Manager. Contact me:

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