From ATMs to drug stores, you can now buy bitcoin almost anywhere

From ATMs to drug stores, you can now buy bitcoin almost anywhere

Mike Scanlan, a former information security analyst for Tufts Health Plan, fell in love with the digital currency bitcoin back in 2014. “Oh, my god, this is the future of finance,” he decided. But then Scanlan tried to buy some. “I had the worst time,” Scanlan recalled. “I spent like a week and a half trying to get bitcoin.” Which convinced him that he could make big money by offering a simpler way to buy the stuff. Today, Scanlan is chief technology officer at Coinmover, a Lynn company that makes “bitcoin ATMs,” basically vending machines that sell the digital currency. Today there are just over 100 of his company’s machines in retail stores in Massachusetts, New Hampshire, Connecticut, and Washington state, each selling an average of about $40,000 in cryptocurrency …
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