Orange County Gets New Bitcoin ATM
Orange County is the newest home for an automatic teller machine for Bitcoin, the controversial cyber currency that has been as volatile as the Russian ruble in recent months
The new two-way bitcoin ATM was launched by bitcoin kiosk provider ZenBox, a Santa Monica-based company.
“When Mission Market’s owner Roland Foss heard that both Overstock.com and the Sacramento Kings began accepting bitcoin, he immediately saw the market opportunity for his business… Bitcoin enthusiasts have traveled to Mission Market Express from over an hour away just to buy items with bitcoin, and now the store will benefit from one of the most highly-trafficked bitcoin kiosks to date, bringing customers from well beyond Orange County, along the many railway and bus lines converging here.”
But buyers beware. In 2014, Bitcoin was declared one of the worst performing assets of any kind. It has fallen almost 66 per cent in value from its high point in early 2014. That is worse than the fall in oil prices, the Russian Ruble and the Ukrainian Hyrvnia. This price drop has taken place despite large companies like Microsoft accepting Bitcoin payments for online games and services in the US.
ZenBox is now the largest bitcoin kiosk network, with over 18 locations in the United States.