Bitcoin for cash: Do crypto ATMs make buying BTC easier for the mainstream?
Bitcoin ATMs may make it easier for the mainstream and unbanked to access crypto, but will security risks hamper adoption? Cash may be king when it comes to purchasing Bitcoin (BTC), as recent data states that there has been a spike in crypto ATM installations during 2021, showing a 71.3% increase from Jan. 1, 2021, until the time of reporting. Specifically speaking, there are currently over 24,000 crypto ATMs located across the globe. Data further suggests that crypto ATMs are being installed at a rate of about 52.3 machines per day. While growth is clearly underway for the cryptocurrency....
Related News
BTCPoint has enabled over 10,000 ATMs to sell bitcoins in Spain. The new service was done through a partnership with Hal-Cash, which allows operators to enable money transfers to any phone and have them cash out at ATMs. Banco Sabadell, Spain’s fourth largest bank, partnered with the 4 man company and gave them access to their ATMs. In addition to Banco Sabadell, the service will also be available on ATM units owned by Abanca, Banco Popular ING, Baninter, EVO, Cajamar, TargoBank and Caja Laboral. The service is a major pivot for BTCPoint, which previously manufactured two-way bitcoin ATMs.....
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....
Libertyx has added a cash-out option to its 5,000 bitcoin ATMs. The CEO says this addition triples the number of bitcoin ATMs that allow users to cash out their bitcoin. He shares his business model with news.Bitcoin.com, providing insight into the bitcoin ATM usage trends he is seeing. 5,000 Bitcoin ATMs Now With Cash-Out Option Bitcoin ATM operator Libertyx announced Monday that 5,000 ATMs in its network now allow users to cash out their bitcoin. Besides the vast network of bitcoin ATMs (BTMs) in the U.S., Libertyx allows customers to buy bitcoin at 20,000 convenient stores, including....
Bitcoin distribution in Las Vegas has broad appeal. Vegas and bitcoin seem destined for each other as more businesses accept payments in the cryptocurrency. Las Vegas is one of the world’s most popular gaming and entertainment destinations. Over the past few years, more Vegas visitors exchange bitcoins for everything Sin City has to offer, including casinos, restaurants, limos, hotels, boats, bachelorette parties, and escort services. Bitcoin distribution is happening because sellers want to make it easier for buyers to use the digital currency. Bitcoin ATMs make it easier for users to....
New machines are now coming online at a rate of nearly 1 per hour In 2013 the world saw the debut of the first-ever Bitcoin ATM when a company called Robocoin placed a machine in a Vancouver coffee shop. Allowing customers to trade Bitcoin for cash, and vice versa, the machine saw $10,000 in BTC transacted on its first day.Now that we are a month away from the end of 2020, the estimated number of crypto ATMs around the world that allow customers to buy and sell Bitcoin (BTC) and other altcoins for cash is about 11,665 ATMs, according to CoinATMRadar.This reflects a remarkable rise in the....