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Crypto ATMs are the new future

Nov 22, 2017 Posted /  3798 Views

Crypto ATMs are the new future

When Bitcoins gasped the reality breathe in the virtual world, nobody could comprehend where it will reach subsequently. And, now with conscious amount of time passed and progressive technology upgrades, it is considered as one of the biggest revolution of the current era.

In this article we will try to understand why Crypto ATMs are considered the Next-Gen of the money transactions. Also, how the world is reacting to this form of currency adoption.

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The expedient method

Pioneers of cryptocurrency are promoting mass appropriation by enlightening the users that Cryptocurrencies are easy to fathom, accessible and advantageous in relative comparison to other exchange solutions. They are highly popularising the fact that these currency forms are the most secure form of dealings. When the cryptocurrency is used, there is a perpetual and public record which identifies the transaction. So there is no specific existence linked with it.  

Vague Dream to Reality

Researchers around the globe are fighting an uphill battle by steadily working and believing in the cryptocurrency’s futuristic approach. In no time you will find yourself grabbing a cup of coffee at any coffee bar of your choice by paying in Bitcoins. Infact this is the actuality of people in Canada where almost 1,800 Crypto ATMs have already been installed. Infact, many people are operative in implementing a Bitcoin ATM project in the United States to make it accessible to every person. Furthermore, many Crypto based Debit cards have been issued to the users through which ATMs are accessed. Currently, the golden state of California reigns with the most number of installed machines.

A very small town in Switzerland-  Zug is 20 miles from Zürich but light years ahead in technology adoption. It got equipped with one of the very initial Bitcoin ATM machines. Given the convenience and security that cryptocurrencies had over the traditional transaction methods, people in this tiny town willingly started exchanging Swiss currency to the cryptic paper slips equalling the number in bitcoins.

The Mass Embracement

The current surveys suggest that the adoption rate for crypto dealings are definitely taking a flight. The elementary Crypto-ATM operators started generating and directing ATM project with a mission to humanize the capability of blockchain by bestowing the most available, safe and user-favourable technology solutions for bartering digital currencies around the earth.

Populace around every corner of the world is dealing with high exchange charges along with the ATM fees levied on it. This remains the concern for crypto based ATM operators too. However, the Crypto ATMs and the Crypto based debit cards does identify a tilt towards decentralization.  The prevailing digital economy is driven by VISA/MasterCards, which makes it little harder to wholesale the idea. But with comprehensive planning the  marketers of Cryptocurrency are unshaken to the objective of its universal adoption is the coming times.

So, being a constituent of this sweeping technology will ensure a success in the constructive prospects

Applancer is an open platform for discussion on all things like Blockchain , Cryptocurrency and Ico news updates. As such, the opinions expressed in this article are the author's own and do not necessarily reflect the view of Applancer .

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Tags: Cryptocurrencies bitcoins crypto based ATM Crypto ATMs crypto dealings

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