Why Do We Need Physical ATMs for Digital Currency?
They’re everywhere! In all 50 states, and probably in a city near you.
Bitcoin ATMs (or BTMs) are relatively new, but they’re the bank machines of the future. So, you should not only get used to seeing them, but learn how they work — and how they can benefit you.
It might seem strange to have a physical machine for a virtual currency. However, these innovative cash machines provide a modern solution for bringing secure digital money into the real world. And your past experience on the crypto market is completely irrelevant.
• You’re in a strange city and lose your wallet. You have to cancel all your credit cards, and now you have no access to funds. But you do have a bitcoin account, so a quick trip to the nearest digital currency kiosk produces cash in your hand.
• Or maybe you need to make an online purchase, but you don’t have the funds in your PayPal or bank account. Maybe it’s even a purchase that you don’t want showing up on your statement. A lot of online (and offline) retailers accept bitcoin and other cryptocurrencies, and you can stock up quickly by inserting your cash into the nearest BTM.
The Coin Cloud network includes over 600 BTM locations across the nation, making it the largest and fastest-growing brick-and-mortar retailer of bitcoin. You’re now just minutes away from a world-class experience that makes the transaction process simple and safe. And the big ambition is to continue growing that network, further increasing the ease and accessibility of digital currency.
Pretty cool, right?
But why would you, a person of supreme intelligence, want to buy (or sell) bitcoin through an ATM?