MIAMI, June 28, 2022 (GLOBE NEWSWIRE) — BankLine announced the addition of shielded cash logistics services for crypto ATMs in the Commonwealth of Puerto Rico.
BankLine now provides crypto-protected banking and cash logistics services in more than 300 markets in the US, including Hawaii, Alaska and Puerto Rico.
Crypto ATM Market Coverage Expansion
Puerto Rico, as a crypto friendly country, is a fast growing market for the crypto ATM industry. BankLine continues to do everything it can to support our customers and help them scale their business.
Services designed specifically for crypto ATM operators
BankLine’s partner financial institutions are Armored Carrier agnostic and provide BTM operators with several options for cash withdrawal and loading services. A wider variety of options gives a crypto ATM operator greater leverage to negotiate better prices and better service with their armored carriers.
Infrastructure designed for a rapidly expanding industry
BankLine has taken the lead in the crypto ATM industry by providing multiple crypto-friendly banking relationships that support over 300 virtual vaults (Loomis, Brinks and Garda). The expansion of the service to Puerto Rico is another example of BankLine’s ongoing efforts to meet the needs of crypto ATM operators with cutting-edge banking services and technologies designed exclusively for the crypto ATM industry.
BankLine President and CEO Mark Ochab commented that BankLine will continue to expand services to meet the needs of the crypto ATM industry in the US and abroad.
BankLine is the only crypto-friendly banking solution that offers a portfolio of redundant financial institutions ready to serve the varied needs of the crypto industry. BankLine’s network of crypto-friendly banks and services helps mitigate the threat of banking discontinuation and provides ongoing, sustainable and scalable banking and support services.
Each BankLine customer has a direct relationship with one or more of the four FDIC-insured financial institutions. The accounts are titled in the name of the commercial entity and are exclusive for the activity of the entity.
BankLine’s partner financial institutions provide over-the-counter services in addition to contracting with over 300 Loomis, Brinks and Garda Cash Vault facilities, serving over 29,000 crypto ATM locations in the US and its territories.
BankLine is now expanding Crypto-friendly shielded cash logistics and banking services to the EU, UK, as well as Central and South America.
Learn more at BankLine.com
Image 1: BankLine expands its services to crypto ATM operators in Puerto Rico
Bitcoin ATM operators now have access to BankLine banking services in Puerto Rico
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BankLine Expands Services to Crypto ATM Operators in Puerto Rico