It’s been revealed that Blue Ridge Bank makes history after it became the very first commercial bank that allows customers to buy and sell Bitcoin at the ATM locations.
In a new statement, the Virginia-based commercial bank announced that customers could purchase and redeem Bitcoin at 19 ATM locations.
It’s been also revealed that the US bank said that they are teaming up with Bitcoin ATM software provider LibertyX and BluePoint ATM Solutions in order to roll out the crypto feature.
Also, LibertyX Co-Founder & CEO Chris Yim reported that customers have been asking for the ability to buy Bitcoin from conventional cash vending machines for some time now.
“For years, consumers have been asking for the ability to buy bitcoin from their banks. We are proud that BRB is the first bank in the nation to offer bitcoin services on their ATMs.”
It’s been also revealed that in order to access Blue Ridge’s ATM Bitcoin features, interested users will have to install the LibertyX on their smartphones.
Also, the cash vending machines will be reportedly available for use by anyone with an accepted ATM card, regardless of the issuing bank. The online publication the Daily Hodl notes that other regular ATM services will continue as usual.
BluePoint ATM Solutions CEO Wade Zirkle expects more traditional financial institutions to follow Blue Ridge’s lead as demand for these types of fintech services continues to grow.
“We predict that more community banks and credit unions will demand innovative fintech solutions like this at their branches…”
Bitcoin adoption explodes
These days, thanks to the big players in the game such as Elon Musk, the bitcoin adoption is exploding.
Also, there have been all kinds of optimistic predictions about BTC these days, and these seem to continue. Check out the latest one revealed by the online publication the Daily Hodl.
It’s been revealed that an important crypto trader and analyst is now looking at three altcoins that have massive potential but also dropped an incredibly bullish prediction about the price e of BTC.
The latest predictions say that BTC can hit $250k by July.