The rising value of the digital currency Bitcoin has helped fuel the growth of a South Florida Bitcoin ATM company and a statewide association that is working to create a friendly business environment for financial technology firms.
In 2016, Lee Hansen and his business partner Lennart Lopin started ByteFederal, a Venice-based company that manufactures and operates Bitcoin ATMs where people can trade the currency for cash.
CEO Mr. Hansen, 48, has worked as a financial advisor and software engineer. The company’s chief technology officer, Mr. Lopin, 42, is also a software engineer with a special interest in computational linguistics and artificial intelligence.
ByteFederal now operates 125 ATMs in 15 states, with 38 locations across Florida. The company’s website allows you to search for local businesses that host its ATMs, such as Fire Vape Smoke Shop in West Palm Beach, Friendly Market in Naples, Down T Liquor in Fort Myers, and PGI Liquors in Punta Gorda.