U.S. cities install cryptocurrency ATMs at airports after accepting cryptocurrency payments – Finance Bitcoin News

Williston, North Dakota, USA is installing a cryptocurrency ATM at its international airport. “This marks the first government-custodial cryptocurrency kiosk,” the city said. Williston also accepts cryptocurrency to pay for utility bills.

“The first government-custodial cryptocurrency kiosk”

Williston, North Dakota, USA, announced on Wednesday that it has partnered with cryptocurrency ATM operator Coin Cloud to install a cryptocurrency ATM at its Williston Basin International Airport (XWA). The city wrote:

This marked the first government-managed cryptocurrency kiosk and the first Coin Cloud installation in an airport.

The city’s financial director Hercules Cummings commented: “This is an ambitious step to actively participate in building a digital ecosystem while introducing and attracting the use of cryptocurrencies to the public.” “Although we are a smaller rural community, we It is having an impact. Taking this small step may pave the way for other governments and commercial entities to follow suit.”

Coin Cloud’s encrypted ATM, called Digital Currency Machine (DCM), allows 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 a fund custodian or manage any crypto transactions, emphasizing that purchases and withdrawals are handled by Coin Cloud.

Cummings believes: “Traditionally, when you buy cryptocurrency on an exchange, the transaction is directly linked to your bank through a checking account, debit card, or credit card… Converting cash to cryptocurrency through DCM means that there is no identifiable The fee, a bank account or a credit card. The deposit and withdrawal process takes place between DCM and your digital wallet, and you only need to use cash.”

The city’s financial director further explained that Williston partnered with Bitpay in May to “accept digital currency to pay for urban utility bills.”

He pointed out: “Now with the municipally managed DCM, we are creating a successful roadmap for the public to accept cryptocurrency.” When talking about allowing residents to pay with cryptocurrency, Cummings said:

We are the first municipality in North Dakota and the third municipality in the country to provide this service.

The city clarified that currently only utility bills are eligible to be paid in cryptocurrency, noting that “a quality assessment and quantitative assessment will be conducted before other bills such as landfills, permits and licenses are moved.”

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Bitcoin ATM, Bit payment, BTM, Coin Cloud, Coin Cloud, Encrypted ATM, Cryptocurrency ATM, Direct current, Williston accepts Bitcoin, Williston accepts cryptocurrency, Williston

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