CHARLOTTESVILLE, Va.,
Feb. 10, 2021 /PRNewswire/
-- Blue Ridge Bank has announced that for the first time in
U.S. history a commercial bank is providing access to Bitcoin at
its branch locations. Cardholders can purchase and redeem Bitcoin
at 19 Blue Ridge Bank ATM locations, consisting of both branch and
off-site ATMs.
"Blue Ridge Bank is excited to continue its evolution to serve
the growing needs of our current and future customers," said
Brian K. Plum, Chief Executive
Officer of Blue Ridge Bankshares, Inc. (NYSE American: BRBS), the
parent company of Blue Ridge Bank. "The ATMs remain able to serve
cash-based and inquiry activity, so this is simply layering on more
services and reinforces our commitment to the future of banking for
all customers."
Blue Ridge Bank has partnered
with BluePoint ATM Solutions, a national ATM operator out of
Woodstock, Va., and LibertyX, the
leading U.S. bitcoin ATM software provider from Boston, Massachusetts.
BluePoint ATM Solutions CEO Wade
Zirkle commented, "We are proud to partner with Blue Ridge
Bank and LibertyX to provide ATM management services that are
Bitcoin-capable. We predict that more community banks and credit
unions will demand innovative fintech solutions like this at their
branches, and we are excited to be a leader in this space."
"We're honored to work with Blue Ridge Bank and BluePoint. For
years, consumers have been asking for the ability to buy bitcoin
from their banks. We are proud that BRB is the first bank in the
nation to offer bitcoin services on their ATMs," said Chris Yim, LibertyX Co-Founder & CEO.
"LibertyX provides consumers with the trust and ease of going to
8,500 ATMs at local convenience stores, pharmacies, and gas
stations. Now they can also buy bitcoin at their local bank
ATM."
About Blue Ridge Bank:
Blue Ridge Bank, N.A., is the
wholly-owned banking subsidiary of Blue Ridge Bankshares, Inc.
Through its subsidiaries and affiliates, Blue Ridge Bank provides a
wide range of financial services including retail and commercial
banking, payroll, insurance, card payments, wholesale and retail
mortgage lending, and government-guaranteed lending. The bank
provides commercial banking services to customers located
throughout Virginia and
North Carolina. Visit mybrb.com to
learn more.
About BluePoint ATM Solutions:
BluePoint ATM Solutions is one of the largest privately-held ATM
management companies in the U.S., with offices in Virginia and Colorado. BluePoint ATM Solutions specializes
in providing efficient, outsourced ATM services to Community Banks
and Credit Unions across the U.S. and providing customized ATM
services to the retail and hospitality industries. Contact CEO:
Wade Zirkle, 540-335-2848,
bluepointatm.com
About LibertyX:
Founded in 2013, LibertyX is America's first and most extensive
network of bitcoin cashiers, kiosks, and ATM software. Consumers
can buy and sell bitcoin at 8,500 LibertyX ATMs and 20,000 retail
chain stores across 45 states. Visit libertyx.com to learn
more.
Forward-Looking Statements:
Certain information
contained in this release may contain forward-looking statements
within the meaning of the Private Securities Litigation Reform Act
of 1995. These forward-looking statements represent plans,
estimates, objectives, goals, guidelines, expectations, intentions,
projections and statements of Blue Ridge Bank's beliefs concerning
future events, business plans, objectives, expected operating
results and the assumptions upon which those statements are based.
Forward-looking statements include without limitation, any
statement that may predict, forecast, indicate or imply future
results, performance or achievements, and are typically identified
with words such as "may," "could," "should," "will," "would,"
"believe," "anticipate," "estimate," "expect," "aim," "intend,"
"plan," or words or phases of similar meaning. Blue Ridge Bank cautions that the forward-looking
statements are based largely on its expectations and are subject to
a number of known and unknown risks and uncertainties that are
subject to change based on factors which are, in many instances,
beyond the Blue Ridge Bank's control, including those risk factors
included in Blue Ridge Bankshares, Inc.'s Annual Report on Form
10-K for the year ended December 31,
2019, and other filings with the Securities and Exchange
Commission. Actual results, performance or achievements could
differ materially from those contemplated, expressed or implied by
the forward-looking statements.
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SOURCE Blue Ridge Bank, N.A.