US City Installs Crypto ATM at Airport After Accepting Cryptocurrency for Payments
The U.S. city of Williston in North Dakota is installing a cryptocurrency ATM at its international airport. “This marks the first government-hosted cryptocurrency kiosk,” the city said. Williston also accepts cryptocurrencies for payments of utility bills. ‘The First Government-Hosted Cryptocurrency Kiosk’
The city of Williston in the U.S. state of North Dakota announced Wednesday a partnership with crypto ATM operator Coin Cloud to install a cryptocurrency ATM at its Williston Basin International Airport (XWA). The city wrote: This marks the first government-hosted cryptocurrency kiosk and the first Coin Cloud installation in an airport.
“This is an ambitious step in introducing and engaging the public towards cryptocurrency while proactively playing a role in building the digital ecosystem,” commented the city’s finance director, Hercules Cummings. “Although we are a smaller rural community, we are making an impact. Taking this small step may pave the way for other government and commercial entities to follow suit.”
Coin Cloud’s crypto ATMs, known as Digital Currency Machines (DCMs), allow users to buy and sell over 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 the fund custodian or manage any crypto transactions, emphasizing that purchases and withdrawals are handled by Coin Cloud.
Cummings opined: “Traditionally when you purchase crypto on an exchange, the transaction is directly tied to your bank via a checking account, debit card, or tied to your credit card … Converting cash to crypto through the DCM means there are no recognizable charges, bank account, or credit card. The deposit and withdrawal process happens between the DCM and your digital wallet, simply using cash.”
The city’s finance director further explained that Williston partnered with Bitpay in May “to accept digital currency for city utility bills.”
He noted: “Now with a municipal-hosted DCM, we are creating a successful road map for the public to embrace cryptocurrency.” Referring to allowing residents to pay with cryptocurrencies, Cummings said: We are the first municipality in the State of North Dakota, and the third in the nation, to offer this service.
The city clarified that only utility bills are currently eligible to be paid with cryptocurrency, noting that “Quality assessments will be conducted, and volumes evaluated, before migrating other bills such as landfill, permits, and licenses.” Tags in this story Bitcoin ATM, BitPay, BTM, Coin Cloud, coincloud, Crypto ATM, Cryptocurrency ATM, dcm, williston accepts bitcoin, williston accepts cryptocurrencies, williston nd
What do you think about the city of Williston installing a crypto ATM at its international airport and accepting cryptocurrencies for utility bill payments? Let us know in the comments section below. Report: Leading NFT Marketplace Opensea Presented With $10 Billion Valuation, Investors Are "Clamoring" FINANCE | 12 hours ago Digital Ruble Should Not Boost Inflation, Bank of Russia Says FINANCE | 2 days ago
Image Credits: Shutterstock, Pixabay, Wiki Commons Previous articleMajor Australian Baseball League Team Perth Heat to Pay Players in Bitcoin and Hold BTC on Balance Sheet Next articleTorrent Website Called The NFT Bay Reignites Controversy Over Non-Fungible Tokens Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. Read disclaimerShow comments More Popular NewsIn Case You Missed ItTwitter Sets up Dedicated Team to Focus on Cryptocurrency and Decentralized Apps
Twitter has set up a team to focus on "crypto, blockchains, and other decentralized technologies — including and going beyond cryptocurrencies.” Initially, the team will explore how it can "support the growing interest among creators to use decentralized apps to ... read more.Hong Kong Company Onedegree to Offer Insurance for Cryptocurrencies 13,000 BTC Moved in 20 Months — 2010 Mystery Miner Transfers Another String of 20 Decade-Old Block Rewards Meet the Antminer S19 XP — Bitmain Reveals ASIC Manufacturer"s Most Powerful Bitcoin Miner Indonesia"s Islamic Authority Declares Cryptocurrency Haram, Forbidden for Muslims