All 23 Bitcoin ATMs in Detroit Located in Low-Income Areas: Local Press

There are 23 Bitcoin ATMs in Detroit. Surprisingly, all them are located in low-income areas that are underserved by the banks and the financial institutions

Mon, 26/02/2018 - 14:02

All 23 Bitcoin ATMs in Detroit Located in Low-Income Areas: Local Press

Cover image via U.Today

Read U.TODAY on

Google News

According to The Detroit News, as of Feb. 26, there are 23 Bitcoin ATMs in Detroit. Surprisingly, all of the Bitcoin ATMs in Detroit are located in low-income areas that are underserved by banks and financial institutions. They are located in various locations like cash checking centers, gas stations and party supply stores. Ayman Rida, the owner of a bitcoin ATM provider in Detroit, says his company installed 15 Bitcoin ATMs in Detroit only last year and that the average transaction is about $70 to $80.

About the author

Patrick Thompson

Patrick Thompson is a freelance writer who has written for several publications in the past about a vast range of topics. Thompson is an Economics & Philosophy major at Rutgers University, where he is currently completing his senior year; upon graduating, Thompson plans to go to law school. Thompson is currently the