Consumers Warming To Bitcoin ATMs
Consumers aren't clamoring to see digital currency exchange as a feature in ATMs. No surprise there. But did you know the percentage of consumers who hope to see this capability is in double digits? The newly-released "ATM Future Trends 2015," a tri-annual report by ATM Marketplace, an ATM industry organization, offers insights about consumer interest in digital currency. The purpose of the report is to identify future ATM trends. This was the first year the tri-annual report included questions about digital currency. The respondents included a representative sampling of U. S. consumers....
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LibertyX wants to provide instant Bitcoin cashouts as the token hits new 2020 highs. LibertyX, a major retail network of Bitcoin (BTC) ATMs in the United States, is expanding Bitcoin sales options at thousands of its ATMs.According to an Oct. 26 announcement, LibertyX has enabled a Bitcoin cashout feature at 5,000 regular ATMs across the United States. As such, consumers can now sell Bitcoin for cash at any of the participating ATMs.LibertyX CEO and co-founder Chris Yim said that previously, the firm’s software only supported Bitcoin purchases with debit cards. The latest addition allows....
The U.S. Federal Trade Commission (FTC) has warned consumers about scams involving cryptocurrency ATMs. “There’s a new spin on scammers asking people to pay with cryptocurrency,” the FTC described.
FTC’s Warning About Scams Involving Cryptocurrency ATMs
The U.S. Federal Trade Commission (FTC) issued a scam alert involving cryptocurrency ATMs Monday. The consumer notice, posted by Cristina Miranda from the FTC’s division of consumer and business education, states:
There’s a new spin on scammers asking people to pay with....
On April 8th, 2014, Microsoft will stop providing security updates and support for windows XP. It is estimated that 95% of the ATMs in the United States currently run on Windows XP. With the lack of security updates, the operating system will become very susceptible to attacks. After support and security updates are stopped, the system and most of the current ATMs will be considered unfit for use by consumers; however, this event closely mimics the Y2K scare that came before 2000 with all computers overloading. It is likely that most operators of these ATMs will not do anything about the....
Netcoins is a Bitcoin ATM company that provides virtual Bitcoin ATMs to retailers. The company launched its operations in Vancouver in 2015. Now, it is spreading to other parts of Canada and beyond. Any device can be your ATM. Michael Vogel is the founder of Netcoins. Cointelegraph asked him about the company, its services, performance and goals. According to Michael, Netcoins’ BTM was born out of the desire to provide a way for stores to sell Bitcoin, and a convenient way for consumers to buy Bitcoin in a familiar retail setting. Just like with physical ATMs, there is a convenience fee on....
A Hong Kong-based start-up is looking to help bitcoin users more easily convert their digital currency into dollars with the use of a bitcoin-to-cash ATM/payment card. Announced today at the Inside Bitcoins conference in New York City, the Cryptex Card will allow consumers to "to turn cryptocurrency into cash at hundreds of thousands of ATMs and millions of merchants' point-of-sales (POS) worldwide, regardless of whether the merchants or banks accept cryptocurrency." In other words, it's a pretty big deal. According to Cryptex, the card will be usable in about 80 countries, and here in the....