Bitcoin

Popular BTM Operator Bitcoin of America Wins Gold in the 11th Annual Best in Biz Awards

press release

PRESS RELEASE. Bitcoin of America has been named a silver winner in the Company of the Year – Midwest category in Best in Biz Awards, the only independent business awards program judged each year by prominent editors and reporters from top-tier publications in North America. Bitcoin of America is a well-known virtual currency exchange that has been registered with the United States Department of Treasury (FinCEN(RegNum). Their customer service is unmatched in the industry and ensures a smooth transaction.

Bitcoin of America is experiencing rapid growth. Bitcoin of America’s Chief Finance Officer reported record-breaking company growth in June. In January, the company had a total of 630 Bitcoin ATMs. To date, they have seen a 138. 095% increase in their number of locations. They even hit a major achievement of 1500 plus BTMs. The number of employees at Bitcoin of America has grown tremendously. In just one year their team grew over 32 percent.

Bitcoin of America added new products and services to their BTMS. They announced in May the launch of their universal kiosk. This kiosk combines the functionality of an ATM and a Bitcoin ATM. It is well-known that the universal kiosk can perform three functions. First, customers can use a debit card to withdraw cash. The second function is being able to buy bitcoin or other cryptocurrencies with cash. Customers can also sell crypto for cash. This is a huge advantage for business owners. The universal kiosks can bring additional revenue streams to stores and save space. Customers can also purchase Ethereum from any of their locations.

In addition to offering cryptocurrency services, Bitcoin of America has also helped hundreds of American businesses. Bitcoin of America has a host program available for store owners interested in cryptocurrency, or just looking to make extra income. They provide passive income, increased foot traffic and marketing services to their host locations. They even handle customer support and any maintenance/installation services.

This is a press release. This is a press release. Readers are responsible for their own research before making any decisions about the promoted company, or any of its affiliates. Bitcoin.com does not assume any responsibility for any loss or damage caused by the content, goods, or services mentioned in this press release.

Image Credits: Shutterstock, Pixabay, Wiki Commons

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Report: Trump administration wants USAID to adopt blockchain technology

USAID will change its name to the US Agency for International Humanitarian Assistance (IHA) By using blockchain technology, it will “radically increase security, transparency, and traceability” The revamp comes after Elon Musk’s Department of Government Efficiency (DOGE) cut USAID numbers from 10,000 to just under 300 in early February The Trump administration reportedly wants its…

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USAID will change its name to the US Agency for International Humanitarian Assistance (IHA)
By using blockchain technology, it will “radically increase security, transparency, and traceability”
The revamp comes after Elon Musk’s Department of Government Efficiency (DOGE) cut USAID numbers from 10,000 to just under 300 in early February

The Trump administration reportedly wants its United States Agency for International Development (USAID) to “leverage blockchain technology” as it works on renaming the organization.

According to a report from WIRED, a government memo has been circulating among State Department officials detailing plans for USAID. In the 13-page document – first reported on by Politico – it states that as part of the revamp, USAID will change its name to US Agency for International Humanitarian Assistance (IHA).

The memo also suggests “leveraging blockchain technology” which will “radically increase security, transparency, and traceability.”

It adds: “This approach would encourage innovation and efficiency among implementing partners and allow for more flexible and responsive programming focused on tangible impact rather than simply completing activities and inputs.”

USAID staffers on leave

Since US President Donald Trump re-entered the White House, significant changes have been made to organizations in the US. One of which is USAID.

In early February, USAID staff were put on administrative leave “with the exception of designated personnel responsible for mission-critical functions,” according to a government notice.

Following the implementation of Elon Musk’s Department of Government Efficiency (DOGE), staff numbers at USAID have been cut from 10,000 to just under 300.

In a post on X in February, Musk wrote: “USAID is a criminal organization. Time for it to die.”

USAID is a criminal organization.

Time for it to die. https://t.co/sWYy6fyt1k

— Elon Musk (@elonmusk) February 2, 2025

Blockchain in humanitarian efforts

The use of blockchain in humanitarian efforts has been used before with many seeing the potential is can bring. In 2020, UNICEF invested around 135 Ethereum – about $30,000 at the time – into eight companies from seven developing countries to assist in developing prototypes and to scale their projects.

Financial services company AID:Tech turned to the payment rails of stablecoin issuer Circle to provide fraud-resistant disaster relief delivery in USDC in 2021. By doing so, they wanted to reduce inequality and increase opportunities by bringing accountability and transparency to the distribution of federal relief.

Realizing the benefits of blockchain technology, AID:Tech was the first company to use the technology to deliver international aid in 2015.