Inside Miami’s Bitcoin Gas Stations

What’s News In This Story?


 

-The Chevron on 103rd St right next to I-95 in Miami-Dade County might look like just an ordinary gas station. But it hides a secret. Next to the sodas and the junk food you can also buy Bitcoin. 

-Owned by hard-nosed entrepreneur Rishi Gosine, the station on 103rd St and his Chevron on 79th St and North Miami Avenue were the first to feature Bitcoin ATM’s in South Florida. 

-Now there are dozens of them in the region and over a hundred in the rest of the US. 

-Gosine says that the ATM’s are popular with customers- especially young people who lack access to a bank or credit card. 

-But the ATM’s have caused concern in other countries. In London, local authorities say that they are used to help drug dealers launder money. 

-Miami has become a global cryptocurrency capital in recent years. The city hosted over 5,000 people in January for the North American Bitcoin Conference. 

-According to the Miami New Times, Bitcoin entrepreneurs and speculators are drawn to Florida because of lax state oversight of the industry. 

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About the Author
Rich Robinson is the CEO and publisher of Rise News. He is also a journalist and a native of Miami. Robinson graduated from the University of Alabama and can be followed on Twitter @RichRobMiami.

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