Los Angeles is quickly becoming a hotbed for cryptocurrency activity, with a noticeable surge in the number of Bitcoin ATMs popping up across the city. In just the past year, hundreds of new machines have been installed in convenience stores, gas stations, and shopping plazas from downtown LA to the San Fernando Valley. This growth reflects a broader trend: more Angelenos are turning to digital assets like Bitcoin and Ethereum, not just as investments but also as alternative means of payment.
Local businesses have also started embracing crypto, with a growing number of cafes, retailers, and service providers now accepting Bitcoin. Industry experts say the increased availability of ATMs is helping bridge the gap between digital and physical currency, especially for those without easy access to online exchanges. “The convenience of walking into a corner store and using cash to buy crypto is appealing to many people who are new to the space,” said Rafael Montoya, a crypto analyst based in Los Angeles.
This rise hasn’t gone unnoticed by regulators. The California Department of Financial Protection and Innovation (DFPI) recently released a statement warning users to stay vigilant, as crypto scams remain a significant concern. Still, the momentum in LA suggests a growing confidence in digital currencies among everyday users.
As Los Angeles continues to lead in tech adoption and innovation, its embrace of cryptocurrency could serve as a model for other major U.S. cities looking to integrate digital finance into daily life.