Bitcoin Bancorp wants to install 200 crypto ATMs in Texas

Bitcoin Bancorp plans to roll out as many as 200 licensed Bitcoin ATMs across Texas beginning in the first quarter.

The crypto company, in an announcement, said that Texas offers business-friendly regulation, modernized money-transmitter laws, and lacks personal income and capital gains taxes.

“Texas represents a strategically important market to penetrate for the next phase of the Company’s growth. We are transitioning from the planning stage to the execution stage very soon,” said Eric Noveshen, director of Bitcoin Bancorp.

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The company said it intends to continue expanding its Bitcoin ATM footprint nationwide and plans to introduce additional compliant functionality across its network, including support for digital-asset payments, stablecoin services, and select Web3-enabled features.

Bitcoin Bancorp, traded on the OTC Markets under the symbol BCBC and headquartered in Las Vegas, owns Bitcoin ATMs that are operated by licensed third-party operators.

The Recap

• Bitcoin Bancorp plans up to 200 Bitcoin ATMs in Texas.
• Company holds two Bitcoin ATM patents through its subsidiary.
• Deployment begins in the first quarter under licensed operations.