Why Bitcoin ATMs Matter

3 Categories

There are three categories of people who don’t use bank accounts at all, or rarely.

1. Unbanked

These are adults who do not have a bank account at all, so they have no access to financial services. Sometimes a family member, such as a spouse or parent, might have a bank account — but the unbanked individual doesn’t use it. They might not have a job, or otherwise don’t keep enough money to warrant opening an account, or the financial institutions are not convenient or affordable enough. For these people, owning digital currency could be the only way to spend, or maybe even grow, the money they have.

2. Underbanked

These are people who have just the bare minimum of financial services, such as maybe a prepaid debit card or payday loan, but nothing else.

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Coin Cloud

Coin Cloud

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The world’s leading operator of two-way Digital Currency Machines (DCMs), more advanced Bitcoin ATMs.