Not Your Father’s ATM: The Emerging Market of Cash to Crypto

On the latest episode of Point of Scale, James Prebil interviews Derek Muhney, the Executive Vice President and Head of Marketing at Coinsource — a Bitcoin ATM company and network. The two discussed Coinsource’s growth, how standing apart from other Bitcoin companies and compliance played a factor in their expansion and the types of customers that are increasingly becoming interested in the world of cryptocurrency.

Coinsource has Bitcoin ATMs in nearly every state. Customers are able to quickly access their accounts and utilize the ATMs in less than a minute, due in part because of their own transparency with Coinsource, said Muhney. He added that most of that is mostly to comply with banks and provide auditors with simple information, but not the private information of customers.

Digital assets are becoming more commonplace as consumers are steadily seeking to know more about buying Bitcoin and the cryptocurrency market. Coinsource reaching its level of success was no easy task and that had much to do with the verification process to become a valid operation.

“There’s no secret sauce to it — it’s very simple. We ID verify all our customers from day one and dollar one … and from there you can use any Coinsource kiosk across the country. We’re able to do that because you created your account; because you verified your ID,” said Muhney.

Derek Muhney is the Executive Vice President and Head of Marketing at CoinSource. He was also a finalist in the AMA for Marketer of the Year competition in 2018.

Follow us on social media for the latest updates in B2B!

Image

Latest

healthcare
The Future of Employer Benefits: Balancing Rising Healthcare Costs with Creative, Employee-Centered Perks
August 28, 2025

The landscape of employee benefits has undergone a seismic shift in the last decade. From the rise of telemedicine to the introduction of lifestyle spending accounts and stipends for services like DoorDash and HelloFresh, employers are reimagining how they support workers in a post-pandemic, inflation-conscious world. With healthcare costs rising and talent competition intensifying,…

Read More
How Smart EHR Features Return Time to Patient Care: Insights from Healthcare Leaders
August 27, 2025

When Documentation Technology Finally Works for Clinicians At ChartLogic, we’ve spent years perfecting the features that matter most to healthcare providers. But rather than tell you what we think works, we wanted to hear directly from clinicians about the EHR capabilities that have genuinely improved their workflows. We asked healthcare professionals: Have you ever used…

Read More
sustainability
From Green Initiatives to Guest Loyalty: Building the Future of Hospitality Through Tree Planting and Plastic Cleanup Programs
August 27, 2025

Sustainability is no longer optional in hospitality—it’s the expectation. A recent Booking.com report found that 84 percent of global travelers now prioritize making their trips more sustainable, raising the bar for hotels worldwide. Yet too many properties are still relying on the basics—like towel reuse cards or energy-saving reminders—that guests increasingly see as table stakes….

Read More
The Future of Directional Drilling: How Emerging Technologies Are Reshaping Performance Standards
August 27, 2025

Driving Innovation in Energy Exploration At Altitude Energy Partners, we’ve long understood that the future of energy development depends on continuous innovation in directional drilling technology. As formations become more complex and environmental standards more stringent, the industry is experiencing a technological revolution that promises to redefine what’s possible in drilling performance. We asked industry…

Read More