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Bitcoin Depot Inc. has added more than 1,500 merchants across six more states to its BDCheckout program, which allows consumers to load cash into their Bitcoin Depot wallets at participating merchants. The expansion brings the number of BDCheckout merchants to 7,723 in 31 states.
The new states into which Bitcoin Depot is expanding BDCheckout are Alaska, Arkansas, Illinois, North Carolina, Oregon, and Texas. North Carolina brings the largest number of new merchants into the BDCheckout network with 496, followed by Texas with 396.
Bitcoin Depot is expanding BDCheckout as part of its strategy to make cryptocurrency more accessible to consumers by providing a quick and secure way to buy the cryptocurrency and load it into Bitcoin wallets, the company says.
To use BDCheckout, consumers download and open the BDCheckout mobile app. Next, they select the retail location where they want to conduct the transaction and tap the “Load Cash” prompt. After entering the amount of Bitcoin to be purchased, the app generates a barcode, which is scanned by the retailer at the point of sale. When the funds are added to the consumer’s wallet, the consumer clicks a “Buy BTC Now” button to complete the transaction.
In addition to the BDCheckout expansion, Bitcoin Depot announced it has exceeded its goal of deploying more than 8,000 Bitcoin ATMs. The company, which reached its goal five months ahead of schedule, now has 8,180 ATMs, including nearly 225 in Australia and Puerto Rico. In 2024, Bitcoin Depot has so far expanded its ATM fleet by more than 900 machines.
Bitcoin has been the object lately of a major selloff, with its value dropping more than 8% in the 24 hours leading up to mid-morning Monday, and nearly 20% over the past seven days, according to Coinmarketcap.com. Its value stood at just over $54,500 at mid-morning Monday.
