Purchasing Bitcoin through regular ATMs has become a reality in the United States. The new opportunity comes thanks to a recent partnership between Genmega and LibertyX. As a result, the partners were able to provide customers with the option to purchase Bitcoin at any of Genmega's numerous ATMs using their debit cards.
According to a press release issued by Finextra on Monday, October 15, Genmega operates more than 100,000 fiat ATMs across the country, giving users easy access to their money every day. Popular ATMs will now add a special feature that will also turn them into BTC ATMs. This move makes it possible for a large number of people across the country to purchase Bitcoin almost instantly. The ability to purchase cryptocurrency is achieved through a simple software update in the ATM, which will simplify and speed up their launch. This will allow users - both crypto enthusiasts and newbies - to purchase BTC using their debit cards, with crypto assets deposited directly into users' wallets.
All 100,000 Genmega ATMs are now Bitcoin crypto ATMs, thanks to a partnership with LibertyX. This is the first experience of this kind in the United States; previously, according to Coinatmradar, there were only 2,300 crypto ATMs in the country.
The teams explained that it took them five years to come up with a method to turn regular ATMs into crypto machines, and now they can make buying crypto assets simple, affordable and easy. Thanks to the LibertyX interface, purchasing BTC is now available to anyone who has a regular plastic card and is familiar with the operation of a familiar ATM.
This is significant progress for the understanding and acceptance of cryptocurrency in the United States. This makes it much easier to purchase BTC, which can then be used at a growing number of retailers and e-commerce. With this in mind, cryptocurrency will continue to gain legitimacy as a monetary form of currency, and not just as an investment.
You May Also Like
Analysis of cryptocurrency pairs BTC/USD, ETH/USD, XRP/USD as of 08/10/2018
The low swing amplitude during yesterday's consolidation indicates a lack of uncertainty in the market. Weak recovery dynamics on declining volumes suggests that prices will resume falling today
Bitcoin price rises to $7,700 on bitfinex
On the bitfinex exchange, the price of bitcoin rose by $1,500 in just a couple of hours, from $6,294 to $7,788, which is a 24% increase. However, such a jump did not occur on other exchanges. This is associated with the exchange’s use of the stable token tether.
