Mama Gaia is proud to be the owner of the first bitcoin ATM in Crosstown Concourse! Our new ATM gives customers the chance to buy the cryptocurrency with ease. You may be asking, “What is Bitcoin?” Let us explain!
To put it simply, Bitcoin is a cryptocurrency, which is essentially digital money. This form of currency is available globally with no exchange rate – no matter where you go, the amount you have doesn’t change! Bitcoin has been around since the mid-2000s but has seen a rise in popularity due to its value. Today, the price of one Bitcoin is worth $7,392.49 U.S. dollars, according to Coin Market Cap. Crazy, right?
Owners Philipp and Cru von Holtzendorff-Fehling believe that cryptocurrency is the future of business and want to make it more accessible to their customers and Memphians alike. Mama Gaia’s bitcoin ATM is provided through a company called Bytefederal, which allows you to safely check your past transactions, current balance, read the latest crypto news and convert dollars into Bitcoin and many other forms of cryptocurrency.
This ATM is perfect for beginners - all you need to get started is your phone, a valid driver's license and $10. Stop by our Crosstown location and check it out!