Coinhub Launches 1000+ Bitcoin ATMs Near You
With its relationships with retailers, Coinhub contributes to Bitcoin’s increased awareness and acceptance in the mainstream economy.
Coinhub has partnered with more than 1,000 retail retailers and gas station owners to deploy its automated teller machines in convenient locations around the United States. This expansion comes as Coinhub works towards its goal of making Bitcoin more accessible to the general public and giving users easier choices for buying and selling the digital currency.
The partnerships enable them to position their Bitcoin ATMs in locations that receive a lot of traffic and have a significant amount of visibility. The company assures that a greater number of individuals will have access to their services and that they can quickly buy or sell Bitcoin when it suits them best.
Store owners who partner with Coinhub to have a Bitcoin ATM will also receive monthly rent payments, making it an additional incentive for retailers to partner with the operator and provide customers with the opportunity to use a Bitcoin ATM.
What is a Bitcoin ATM?
A Bitcoin ATM is similar to a traditional ATM, but instead of dispensing cash, it allows users to buy or sell Bitcoin using cash or credit/debit cards. Users can simply deposit money into the machine, scan the QR code of the Bitcoin wallet and receive the corresponding amount of Bitcoin in the wallet. Alternatively, users can also sell Bitcoin by scanning the wallet’s QR code, depositing cash and receiving the corresponding amount in cash.
Currently, there are over 30,000 Bitcoin ATMs worldwide, with the majority located in the United States. These machines provide a convenient way for people to buy and sell Bitcoin without the need for a traditional exchange or online platform. They also act as a bridge between the digital world of cryptocurrencies and the physical world of cash.
Final thoughts
It is reasonable to anticipate that there will be an increase in the use of Bitcoin and other cryptocurrencies in the future as a result of Coinhub’s ongoing expansion efforts and the placement of Bitcoin ATMs in key locations. So keep an eye out for Bitcoin ATMs at your local gas station or convenience store and take advantage of the convenience and accessibility they provide.
Rickie Sanchez is an article writer specializing in cryptocurrency news. Since the end of 2017, he has been actively investing in cryptocurrencies. Enthusiastic about all things crypto, he hopes that the readers of his articles in the years to come will gain a massive understanding of blockchain technology.
