Bitstop, a cryptocurrency-automated teller machine company (ATM), has announced its plans to exhibit a non-fungible token ATM (NFT) at this week’s Bitcoin 2022 Conference. According to Bitstop’s co-founder Doug Carrillo, the NFT ATM can not only dispense NFTs but also provides an “in-person minting experience.”
Bitstop to Reveal NFT ATM This Week, Machine Dispenses NFTs and Provides a ‘Minting Experience’
The Miami-based ATM company Bitstop will be showing off a new ATM that dispenses NFTs, according to the company’s announcement sent to Bitcoin.com News on April 5. NFT ATMs are going to be displayed at the Bitcoin 2022 Conference which takes place in Miami Beach on April 6-9. Doug Carrillo, the co-founder and chief strategy officer of Bitstop, remarked that the firm looks forward to representing the industry in its “hometown.”
“We’re a Hispanic-owned Miami bitcoin technology company and early pioneer in the bitcoin ATM industry,” Carrillo said in a statement. “We knew early on how important bitcoin would be to our community. We’re proud to be a major sponsor of Bitcoin 2022 Miami and demonstrate our next generation NFT ATM which can dispense NFTs and allow users to perform an in-person minting experience.”
Over the past 12 months non-fungible tokens have grown to be a multi-billion-dollar business. However, sales and interest in NFTs has fallen significantly. Although, last week’s NFT sales improved, jumping 34% higher than the week prior. As close as 3,000 cryptocurrency ATMs were globally installed in Q1 2022. This is a significant increase in popularity. Bitstop, which has 1,747 ATMs, is the 5th-largest global crypto ATM operator. This represents 4.8% of all 36,688 ATMs worldwide.
Bitstop’s new machine unveiling follows the recent launch of an NFT vending machine located at 29 John Street in Manhattan’s Financial District, operated by the Neon NFT platform. It accepts credit and debit cards as well as mobile payments. The vending machine will also give out a tiny box that contains a code. Once the Neon code is redeemed, the purchaser will receive the NFT in their wallet. Bitstop ATM operator, says the ATM ATM at Bitcoin 2022 Conference Miami in Miami is located close to booth #610.
“Bitcoin and digital currencies are game-changers for international communities like Miami,” Carrillo stated during the announcement. “Most of our team is from Cuba, Venezuela, and Nicaragua. The team has seen firsthand the damage that corrupt government regimes can do to their savings. Bitstop is a team that has soul. Bitcoin gives us purpose and we are excited to see Miami become the bitcoin capital of the world,” the Bitstop executive added.
How do you feel about Bitstop’s announcement of an NFT ATM this year at the Bitcoin 2022 Conference, Miami? Please comment below to let us know your thoughts on this topic.
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