By Jamie G - Cryptocurrency Specialist - 22-07-2021
A well-known Bitcoin (BTC) ATM operator has officially revealed their latest plans to expand their products into Circle K outlets in the United States and Canada.
Bitcoin Depot has now revealed that over 700 of its Bitcoin ATMs are now officially available to use at Circle K convenience stores in 30 U.S. states. According to the crypto ATM organisation, the project could bring financial access tools to underprivileged communities while attracting more people to the crypto industry.
The scheme aims to address the high-street process to buy crypto with credit card and debit, to offer customers a convenient in-store method of purchasing cryptocurrencies. Alona Lubovnaya, the director at Bitcoin Depot, stated that "ATMs being located in Circle K's provide an easy onramp for the underbanked and less affluent, not just someone with a wealth manager."
The company reportedly has more than 3,500 cryptocurrency ATMs currently in service across the United States and Canada. The ATMs allow customers to buy cryptocurrency with more than 30 different types of crypto coins available such as Bitcoin, Litecoin (LTC), and Ether (ETH).
Circle K'sK's Canadian operator, Alimentation Couche-Tard, reports that its brand operates around 7,150 stores in the United States and 2,111 in Canada.
Last year, Bitcoin Depot revealed a limiting service to select machines in high-risk zones amid the continuing pandemic. Even with the recent increase in COVID-19 cases in the United States, Bitcoin Depot announced that service is restored to all sites.
The number of crypto ATMs worldwide that allow users to exchange fiat currency to cryptocurrency has increased dramatically in recent years.
If you’re not sure how to Buy Bitcoin or other popular crypto; you can head over to BC Bitcoin and register an account to start safely investing and selling cryptocurrency today.
Dear valued BC Bitcoin UK Clients,
I hope this email finds you well. We are reaching out to inform you of some significant changes to our services that directly impact our operations within the United Kingdom. Regrettably, due to the recent regulatory developments introduced by the Financial Conduct Authority (FCA) and the implementation of the new Financial Promotions Regime, BC Bitcoin is no longer able to offer our services to clients based in the UK. This very difficult decision is in compliance with the regulatory framework and ensures that we uphold the highest standards of transparency and legality. You can view the FCA publication here: https://www.fca.org.uk/publication/finalised-guidance/fg23-3.pdf As a result, we would like to inform you of the following changes and provide guidance on how to manage your assets with BC Bitcoin:
1. **Service Termination for UK Clients:**
BC Bitcoin will no longer be able to accept new purchase orders from clients residing in the United Kingdom.2. **Continued Operation Outside the UK:**
Despite the changes within the UK, BC Bitcoin will continue to operate outside of the UK as normal. Our services will remain unaffected for clients in other regions.3. **Withdrawal of Assets:**
For our UK clients holding assets with BC Bitcoin, we want to assure you that your assets are secure. You have the option to safely withdraw your assets or exchange them to GBP or EUR and subsequently withdraw. We have streamlined the withdrawal process to ensure convenience for our clients.4. **Conversion of Assets:**
To convert your Holdings to fiat please log in to your BC Bitcoin account and submit a sell order for the amount of coin you hold with us. During the process you will shown how much you will receive and asked the bank details you wish to receive payment to. In addition, you can request the conversion by emailing info@bcbitcoin.com from your registered email address. If you encounter any issues or require assistance, our customer support team is ready to help you throughout the process.5. **Withdrawal Procedure:**
To initiate a withdrawal, please email your request to info@bcbitcoin.com from your registered email address. You may be asked some security questions to verify your identity. If you encounter any issues or require assistance, our customer support team is ready to help you throughout the process. These changes are effective immediately, and we appreciate your understanding and cooperation during this transitional period. We understand that this may be an inconvenience for our UK clients, and we sincerely apologise for any disruption this may cause. Thank you for being a valued part of the BC Bitcoin community. We are committed to providing you with a seamless experience as we navigate through these regulatory changes. If you have any questions or concerns, please do not hesitate to reach out to our customer support team at info@bcbitcoin.com Kind Regards