Hyosung America’s 175,000 ATMs in the U.S to Process Crypto Transactions

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  • Hyosung America also intends to include DigitalMint in its upcoming app store.
  • The ATMs will be able to do more, including creating new income streams.

POS firm DigitalMint has established exclusive cooperation with the premier cash management and payment solution provider, Hyosung America. As a result of this, Hyosung America’s 175,000 ATMs in the United States will be able to process crypto transactions in the future.

Huge Development For Crypto Fans

Don Wyper, Chief Operating Officer of DigitalMint, said that they want to make “cryptocurrency services easily and safely accessible to their 175,000 deployed ATMs in the United States and beyond” in light of the partnership’s initial project, the crypto ATM.

Hee-Eun Ahn, CEO of Hyosung America, stated:

“Nationwide distribution scale and relationships with top ATM value-added resellers and independent operators provide DigitalMint with unprecedented scale for its growing customer base”. 

Hyosung America also intends to include DigitalMint in its upcoming app store. For this reason, any ATM operator utilizing Hyosung’s retail software platform may subscribe and download DigitalMint. Their ATMs will be able to do more, including creating new income streams for the operators and the businesses with which they engage.

On one side, the United States is putting in place 175,000 operational crypto-advanced transaction machines. There has also been a recent prohibition on crypto ATMs in the United Kingdom by the Financial Conduct Authority (FCA). Operators of crypto ATMs in the UK have been ordered to take them down immediately by the country’s regulatory body, the Financial Conduct Authority (FCA).

The FCA stated:

“Crypto ATMs offering crypto asset exchange services in the UK must be registered with us and comply with UK Money Laundering Regulations (MLR). None of the crypto asset firms registered with us have been approved to offer crypto ATM services, meaning that any of them operating in the UK are doing so illegally and consumers should not be using them.”

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