Highlights
- A city in the United States has installed a Bitcoin ATM at an airport after the popularity of cryptocurrency as a payment method
The City Of Williston
Installing a state-hosted crypto kiosk at the Williston Airport is expected to increase cryptocurrency payment volume in the city. The City of Williston, North Dakota, has installed a crypto ATM further to explore the cryptocurrency sector at its international airport.
Digital Currencies Supported
According to the local administration, the “government-hosted cryptocurrency kiosk” has been installed at the Williston Basin International Airport, enabling both passengers and non-passengers to purchase and sell 40 digital currencies. Tokens like Bitcoin, Ethereum, Shiba Inu, and Dogecoin are all supported . The city of Williston teamed up with the cryptocurrency firm Coin Cloud for the project, which gave the city its digital currency machines (DCM).
“More than simply a Bitcoin ATM,” says the startup, “a DCM lets customers buy and sell not just bitcoin but also 40 other digital assets.” According to Coin Cloud, old-school Bitcoin ATMs “can’t perform all that.” Williston City Finance Director Hercules Cummings said the attempt “may be the first example of an airport and government-hosted crypto ATM” in the United States, according to Cointelegraph. As a result, he now expects the city’s cryptocurrency payment volume to rise.
Next Move If An Increase In Demand Happens
It’s important to note that the government’s acceptance of cryptocurrencies for utility payments and the presence of bitcoin ATMs is a significant factor in promoting the use of cryptocurrency. If there is a rise in demand for cryptocurrency at Williston International Airport, the city’s next move will be to install an ATM at City Hall. In addition, there are plans to extend these payment pathways into licensing, permits, and other fees throughout the city as part of our long-term strategy.
Despite the fact that the City of Williston supports the use of cryptocurrencies, the city’s government does not oversee any crypto transactions or money custodianship. Coin Cloud, the DCM’s operator, conducts all transactions. Cummings says the DCM’s primary purpose is to “connect public interest to acceptance and portfolio adoption of a burgeoning asset class.” Significant but straightforward actions like this are what we’re banking on.” As part of this technological push, “we want to continue creating a transformative effect and positioning ourselves as a vital player,” he said.
Residents Can Pay Utilities In Bitcoin
It will be possible for residents to pay their power bills in Bitcoin starting in May 2021, according to an agreement between the City of Williston and the well-known crypto payment service BitPay. According to Cummings, in addition to Bitcoin, people may now use Bitcoin Cash (BCH), Ether, Wrapped Bitcoin, Dogecoin, Litecoin (LTC), and five USD-pegged stablecoins such as the Gemini dollar (GUSD), the USD Coin (USDC), and the Binance USD (BUSD).
