Portland is a Bitcoin friendly city, with more than 25 companies who accepts the cryptocurrency as a payment method. A Bitcoin ATM was installed not long ago to provide the citizens with a chance to easily purchase Bitcoins, but now another one has been installed by BitcoinNW in the Pioneer Place Mall in downtown Portland.
The new Bitcoin kiosk allows customers to purchase up to $3,000 worth of Bitcoins a day or exchange Bitcoins up to $3,000 in cash a day. It is expected that it will attract more customers, having transactions both ways for customers.
"Though bitcoin has been used around the world since its introduction in 2009, the advocacy, especially in the U.S., has been primarily from what some people refer to as a counter culture community," Mike Fors, Founder of BitcoinNW said to Portland Business Journal.
"With BitcoinNW and the launch of our two-way kiosk, our objective is to future legitimize the use of bitcoin and provide access to bitcoin to the broader consumer community in Portland." He added.
With the addition of a new Bitcoin ATM in the city, it is expected that the Bitcoin will be used to pay for more goods and services than previously as well as attract more people over to cryptocurrencies.