# Coinsource Launches New Bitcoin ATM Software; Readies For Global Expansion and Future Token Additions Author: Pal Sinha, Barnali Author URL: https://financedigest.com/author/pal-sinha-barnali Published: 2018-01-25 Category: NEWS Category URL: https://financedigest.com/category/news Meta Title: Coinsource introduces fee-free transactions for first time users Meta Description: Coinsource unveils new proprietary software to improve user experience at Bitcoin ATMs, reduce transaction delays, and offer fee-free purchases for first-time URL: https://financedigest.com/coinsource-launches-new-bitcoin-atm-software-readies-for-global-expansion-and-future-token-additionshtml ![undefined](https://prod.superblogcdn.com/site_cuid_cm5qst7v3003gwirgwqtxn8i8/images/fd250118-11-1736843041958-compressed.jpg) World’s largest Bitcoin operator improves customer experience at the terminal, and introduces fee-free transactions for first time users [Coinsource](http://coinsource.net/), the world’s largest Bitcoin ATM network, has unveiled a new in-house software stack that will significantly improve the user experience at each of their nearly 200 machines across the nation. Previously powered by a third-party software, the new Coinsource proprietary software will reduce Bitcoin transaction delays, improve QR code scanners, support bill pay functionality in the near future, and introduce a one-time promotion for fee-free purchases for first time users. Coinsource CEO Sheffield Clark said, “Moving away from third-parties is one of the fundamental principles of Bitcoin, so it is only fitting that we created our own technology to streamline access to our generation’s fastest growing digital asset.The technology makes visits to our ATMs much quicker and easier, and it also allows other [digital currencies](https://www.financedigest.com/will-central-bank-digital-currencies-deliver-a-more-democratic-payment-industry.html "Will Central Bank Digital Currencies deliver a more democratic payment industry?") to be added onto each machine in the future. As our customer base continues to [grow at unprecedented rates](https://www.financedigest.com/automotive-gas-charged-shock-absorbers-market-worth-will-reach-us-2-9-bn-in-2021-grow-at-overall-compound-annual-growth-rate-cagr-of-5-0-between-2021-and-2031.html "Automotive Gas Charged Shock Absorbers Market worth will reach US$ 2.9 Bn in 2021, grow at overall compound annual growth rate (CAGR) of 5.0% between 2021 and 2031"), we are focused on continually improving our services, as well as expanding into new cities, states, and countries across the world.” Currently, Coinsource offers the lowest fees of any Bitcoin ATM operator, with transaction fees never going over 8 percent in costs. And as part of the company’s 2018 “New Coinsource Experience” initiative, the company’s [move to in-house software is helping the company refine the Coinsource ATM and mobile](https://www.financedigest.com/the-cleanroom-technology-market-to-be-on-the-mobility-move.html "The Cleanroom Technology Market To Be On The Mobility Move") app user experience so that users of any age or technical expertise can easily use its services. The software will be operable in all US states, and in any country across the globe, as well as allow for [future integrations](https://www.financedigest.com/why-embedded-finance-will-be-integral-in-the-future-of-b2b-marketplaces.html "Why embedded finance will be integral in the future of B2B Marketplaces") of digital currencies at Coinsource’s terminals. Coinsource’s 2018 [growth strategy](https://www.financedigest.com/cable-cars-and-ropeways-market-competitive-growth-strategies-based-on-type-applications-end-user-and-region.html "Cable Cars And Ropeways Market Competitive Growth Strategies Based on Type, Applications, End User and Region") includes expansion into 25 US states, with over 300 machines across the country. They [currently have almost 200 machines](https://www.financedigest.com/vibratory-feeder-machine-market-2022-scope-of-current-and-future-industry-2029.html "Vibratory Feeder Machine Market 2022 | Scope of Current and Future Industry 2029") in 15 states; California, Oklahoma, Nevada, Texas, Louisiana, Missouri, New Jersey, New York, Pennsylvania, Tennessee, Arizona, Georgia, Rhode Island, Connecticut, and Massachusetts. “Even though the number of digital currency traders, investors, and enthusiasts increases by the day, there are still hundreds of millions of [people around the world that don’t](https://www.financedigest.com/people-dont-like-to-be-told-no-when-it-comes-to-finance.html "People don’t like to be told no when it comes to finance") have the technological know-how to get involved. We have built our company around [breaking down the barriers](https://www.financedigest.com/breaking-down-venture-capitals-gender-and-diversity-barriers.html "Breaking down Venture Capital’s gender and diversity barriers") to entry, and facilitating access in a way that almost anyone can understand, and in a way that they are already accustomed to. Our new mobile enrolment feature allows anyone to sign up to a Coinsource account remotely, from any device in the world, and activate a free first time transaction,” Clark said. [America is the largest market](https://www.financedigest.com/north-america-to-emerge-as-largest-market-for-softball-equipment-through-2026.html "North America to Emerge as Largest Market for Softball Equipment Through 2026") for Bitcoin ATMs across the globe, with a total of 1352 machines. There are 2098 machines [across the world](https://www.financedigest.com/total-allowable-catches-tac-and-fishing-quotas-across-the-world-turning-favourable-for-the-global-mackerel-market-sales.html "Total Allowable Catches (TAC) And Fishing Quotas Across The World Turning Favourable For The Global Mackerel Market Sales"). --- This blog is powered by Superblog. Visit https://superblog.ai to know more. ---