Williston, a small city with a population of just over 27,000 people as of 2019, is making inroads into the $2.5 trillion cryptocurrency world. The city has announced a collaboration with the crypto services company Coin Cloud to install a cryptocurrency ATM at its airport.
Coin Cloud has over 4000 Digital Currency Machines (DCM) installed in the United States and Brazil. It also offers customers non-custodial digital wallet services to help them manage their digital assets. Customers can also use cash to buy and sell Bitcoin, Ethereum, and over 40 other digital currencies.
Anyone passing through this Williston DCM installation would be able to perform crypto transactions from their digital wallets.
Williston partnered with Bitpay in May to allow residents to pay their utility bills with digital currencies.
Williston Basin International Airport Has A Crypto ATM
The ATM installation at Williston Airport would be the first government-hosted one, according to the announcement. It is also the first installation of a Coin Cloud in an airport.
The City of Williston’s Finance Director, Hercules Cummings, explained that this is a way to introduce the public to cryptocurrency. It also plays an important role in the development of Williston’s digital ecosystem. He went on to say that the city is “creating a successful road map for the general public to embrace cryptocurrency.” It does so by accepting digital currency payments from residents and, more recently, by hosting a municipal-hosted DCM.
“Even though we are a small rural community, we are making a difference.” Taking this small step may set a precedent for other government and commercial entities to follow.”
The airport cryptocurrency ATM would be especially beneficial to the unbanked, or those who do not have access to traditional financial services. Travelers and non-travelers alike would be able to use cash to buy and sell over 40 cryptocurrencies. They can also withdraw funds from their digital wallets using the DCM.
The City of Williston, on the other hand, does not handle any cryptocurrency transactions. Instead, they are handled by DCM operator Coin Cloud. “The primary goal of this DCM is to bridge public curiosity to acceptance and portfolio adoption of a growing asset class,” Cummings explained. He also discussed the benefits of the DCM. To begin with, using an ATM means that no transaction is directly related to the customer’s bank. According to him, there are no recognizable charges.
Coin Cloud CEO Chris McAlary expressed his excitement about entering the travel industry, calling the installation “historic.”
Williston Says Crypto
The city’s most recent move strengthens its goal of encouraging residents to embrace cryptocurrency. Earlier this year, Williston began accepting cryptocurrencies such as bitcoin as payment for utility bills.
Williston, according to Cummings, was the first municipality in North Dakota and the third in the United States to provide that service. Other payment options, such as Google Pay, Apple Pay, and pay-by-text, have also been added by the city.
Williston, according to Cummings, is open to technological changes, transformation, and innovation.