It no longer a secret that Crytocurrencies have come to stay and might well as pair if not replace fiat money completely. The recognition of the Cryptocurrency on a global scale can no longer be ignored. It has gotten to a stage whereby Crytocurrencies can be used as a legal tender for means of exchange and transaction. All over the world now Crytocurrency ATMs are being installed but with majority of it running in the USA with about 90%.
This fore-mentioned statistics should be quite amusing as El Savador is the first country to accept Bitcoin, a type of Crytocurrency if not the Chief as it has the highest market value with over $45K ,as a legal currency for transaction. By actions , El Savador should be the leading country in the installation and usage of Crytocurrency ATMs but it has just over 200 machines whereas currently speaking, we have close to 40,000 Crytocurrency ATMs that are present and functioning globally. This is also a feat for El Savador as some countries like the UK and Austria has less than 200. Crytocurrency ATMs were brought to light way back in the 2014 but with very few around that time with a total of less than 400 Cryptocurrency ATM globally. This shouldn't be a surprise as Crytocurrencies were still in the shadows then and doesn't have as much support and recognition as it has now.
WHAT CAN YOU DO ON CRYTOCURRENCY ATMs
Well , it is pretty much as any ATM can get but with a slightly different purpose from the normal regional ATMs. You can exchange Crytocurrency through this machine using real money ( deposit and withdraw ); simply put , you can put your cash in the machine and it converts it to Crytocurrency and deposit in your wallet or withdraw from your wallet and get it via cash from the machine. You can buy as well as sell your Crytocurrencies via the machine though this dual feature might not be available on all machines.
The Crytocurrency ATMs ain't as strange and intergalactic as we would think it to be. It is being made to be as simple to operate and it is also user friendly but not withstanding, it security reputation is also as secured as the main Crytocurrency transaction on mining Blockchains. Transactions made on the machine are not traceable. These Cryptocurrency ATMs eases the trouble of users who are without portable and mobile means to complete transactions. As you might have guessed or questioned , does Crytocurrency ATMs support all kinds of Crytocurrencies ? Majority of them feature major coins like the Bitcoin ( BTC ) , Bitcoin Cash ( BCH ) , Ethereum ( ETH ) and Litecoin ( LTC ). The most transacted type of Crytocurrency on the Crytocurrency ATMs is the Bitcoin .
IMPORTANCE OF CRYTOCURRENCY ATMs
As you can see , the platform for Crytocurrency to be accepted legally and globally is being put into play with the ease and convenience of the customers being considered. Apart from already established means of employment the Crytocurrency market has already made, this Crytocurrency ATMs also gives rise to companies like Genesis Coin, Bitaccess, Bitcoin depot which will specialise in the making and maintenance of these machines thereby giving rise to Job provisions for people.
Can't you see the CryptoWorld is a Win-Win for both the Government, Sectors and individuals also . There is nothing without its setbacks but we are all working hand in hand to make this a successful project.
Disclaimer: All statistics and information used are gathered and researched by me. DYOR
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Crypto ATMs are paving way for people to get their crypto quite easily :)