The city of Williston installs a crypto ATM at the airport after accepting cryptocurrencies for service payments.
ATMs Bitcoin they have been a growing boom. According to statistics from CoinATMRadar, as of today there are 31,372 worldwide, and 48 new ones are installed every day.
But in the midst of this growth there is something that is new. These ATMs have been all private initiatives. But today a different piece of news was announced: a city in the United States has just install your first Bitcoin ATM whose responsibility lies with the public sector, specifically the local government.
The American city of Williston in North Dakota is installing a cryptocurrency ATM at its international airport. But it is not a private initiative. “This is the first cryptocurrency ATM hosted by the government,” spokesmen for the city said. Williston has also accepted cryptocurrencies for the payment of utility bills since May of this year.
Government crypto ATM
The city of Williston, in the US state of North Dakota, announced a partnership with the cryptocurrency ATM operator Coin Cloud to install a cryptocurrency ATM at your Williston Basin International Airport (XWA).
This marks the first government-hosted cryptocurrency kiosk and the first installation of Coin Cloud at an airport, says a press release and adds:
“This is an ambitious step to introduce and engage the public in cryptocurrencies while playing a proactive role in building the digital ecosystem,” commented the city’s chief financial officer, Hercules Cummings. “Although we are a smaller rural community, we are making an impact. Taking this small step can pave the way for other government and commercial entities to follow suit. “
Crypto ATMs of Coin Cloud, known as digital currency machines (DCM), allow users to buy and sell more than 40 cryptocurrencies, including Bitcoin, Bitcoin Cash, Dogecoin, Shiba Inu, Cardano and Ether. Users can also withdraw cash from their digital wallets. The city clarified that it does not act as custodian of the funds or manage any crypto transactions, emphasizing that purchases and withdrawals are handled by Coin Cloud.
Cummings opined: “Traditionally, when you buy cryptocurrencies on an exchange, the transaction is directly linked to your bank through a checking account, debit card or linked to your credit card… Converting cash to crypto through the DCM means that there are no recognizable charges , bank account or credit card. The deposit and withdrawal process happens between the DCM and your digital wallet, simply using cash ”.
The city’s finance director further explained that Williston partnered with Bitpay in May “to accept digital currency for the city’s utility bills ”.
He pointed: “Now, with a DCM hosted by a municipality, we are creating a successful roadmap for the public to adopt cryptocurrencies.”. Referring to allowing residents to pay with cryptocurrency, Cummings said:
We are the first municipality in the state of North Dakota and the third in the country to offer this service.
The city clarified that only utility bills are currently eligible to be paid with cryptocurrencies, noting that “Quality evaluations will be carried out and volumes will be evaluated before migrating other invoices such as landfills, permits and licenses.”
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