Bitcoin Depot, a cryptocurrency ATM network company, has become one of the fastest-growing private businesses in the United States in 2021.
The company was ranked among the 5000 fastest-growing companies in America by Inc. magazine. Magazine, ranking 357th. The firm makes the list for the second year in a row, ranking 1103 in 2020.
In a press statement, Bitcoin Depot CEO Brandon Mintz noted that the inclusion reflects the company’s efforts to expand and strengthen its unique identity in the industry, despite challenges such as the pandemic.
“Over the past several years, we have worked hard to expand our business and create a successful company with a unique identity and culture. Given the unexpected circumstances of the past year and the pandemic, we are fortunate to be able to continue building our brand while serving a globally underprivileged community while providing access to basic financial services. ”
The company, which was established five years ago, has grown by 1336% and today has over 4,000 cryptocurrency ATMs. As part of its expansion plans, the company recently announced an exclusive international partnership with Circle K, a convenience store chain operating in the United States and Canada.
Installing Bitcoin ATMs
As a recognized player in the sector, Bitcoin Depot is also a leader in crypto ATM installations worldwide. According to the previous report, 1,200 new bitcoin ATMs were installed in August 2021, which is about 47 machines daily.
The growing popularity of cryptocurrencies has inspired them to install as some countries prepare to declare Bitcoin as legal tender, especially in South America. Players in this sector are now focusing on the region and countries like Honduras recently got their first Bitcoin ATM.
In addition, amid the crypto rally recorded earlier this year, leading bitcoin ATM company Coin Cloud announced plans to install an additional 8,000 machines worldwide by the end of 2021.