First Bitcoin ATM installed in New Orleans

First Bitcoin ATM installed in New Orleans

NEW ORLEANS, LA (WVUE) - New Orleans now has its first-ever Bitcoin automated teller machine.

Coinsource, a national Bitcoin network, installed the ATM inside the Brown Derby convenience store and gas station at Tulane Avenue and South Jefferson Davis Parkway.

A news release from the company says it now has 35 Bitcoin machines operating in Louisiana, New York, New Jersey, Pennsylvania, Texas, Nevada and California.

Bitcoin is a type of virtual currency that can be used in exchange for other currencies and some products and services.

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