LibertyX Launches Bitcoin-to-Cash Sales at ATM’s in the US

LibertyX, America’s first and largest network of Bitcoin ATMs and one of the most convenient retail networks to purchase Bitcoin instantly at over 20,000 chain store locations, has announced a cash out feature across the 5,000 ATMs in the United States. US users can now easily turn Bitcoin to cash with a few clicks on the LibertyX app and a visit to any of the local ATMs.

“With the run-up in the price of bitcoin, consumers are looking for a way to sell bitcoin without dealing with wire or bank transfer delays. Consumers can now sell bitcoin for cash from the convenience of their local ATM. From Madame Tussauds in Times Square New York to Moab Tourism Center in Arches National Park, U.S. consumers can use LibertyX to buy and sell bitcoin nationwide.” said Chris Yim, Co-Founder & CEO of LibertyX.

Yim adds, “While it’s never been easier to buy bitcoin, selling is another story. There are almost 15,000 bitcoin ATMs across the U.S., but fewer than 2,000 allow consumers to sell bitcoin for cash. Our ‘cash-out’ product deployed across 5,000 ATMs triples the number of bitcoin ATMs where consumers can sell bitcoin furthering our mission of putting bitcoin on every block. Consumers feel more comfortable buying bitcoin when they know they can easily and quickly sell it back for cash.”

Partnerships have helped LibertyX strive in the market, they partner with independent ATM operators who own and manage over 100,000 ATM’s in the United States. One of such partnerships is Merchant Groups, one of the leading ATM operators in the US which allows LibertyX to leverage on their already built product and hence saves them from spending thousands of dollars to set it up themselves.