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The growth of the Bitcoin ATM industry often goes by without much fanfare. Even so, with nearly 7,000 of these machines in circulation globally, things are looking very good. Making cryptocurrencies more accessible can be done in many different ways. The Future Looks Bright for Bitcoin ATMs A Bitcoin ATM is a good solution for … Read more
ATMs supporting digital coins have increased parallel to the predominant trend on cryptocurrency markets since the beginning of 2020. With over 400 new devices added in January, the global total is now closing on the 7,000 mark. The sector has seen exponential growth in the past three years. Also read: Bitcoin.com Partners With Mecon Cash, … Read more
The ongoing growth of the Bitcoin ATM industry cannot be denied. Over 6,000 of these teller machines can be found around the globe. Bitcoin Depot is the first company to surpass the 400 ATM mark in this industry. The Ongoing Growth of Bitcoin ATMs That also makes them the largest operator of Bitcoin ATMs globally. … Read more
Bitcoin ATMs are not currently governed by EU money laundering regulations, and arrests coordinated by Spanish police and Europol in May are bringing new focus to this loophole. A group of eight Spanish and Latin American individuals have been arrested, along with several of their associates, for using crypto ATMs to fund drug traffickers in … Read more
In the cryptocurrency world, there are many believers who expect Bitcoin and top altcoins to become the new normal. While that is a distinct possibility, it seems rather unlikely any major shift will occur. Even the growth spurts in terms of Bitcoin ATMs show there is still plenty of work to be done in the … Read more
Traveling is on everyone’s minds as summer approaches and crypto enthusiasts are no exception. But for anyone thinking of a holiday trip, travel arrangements can be arduous. Crypto payments can make your life easier in that regard, particularly with bitcoin cash, which is a fast and cheap way to pay for anything. The following guide … Read more
Cryptocurrency ATM operator Värdex Suisse has introduced BHC support to its devices. The company is a financially regulated entity that provides access to digital assets through its teller machines, POS services and partnerships with retailers in Switzerland and abroad. Also read: American Electronics Giant Avnet Now Accepts Bitcoin Cash Payments Bitcoin Cash Available on All … Read more
The global remittance industry is huge. World Bank data shows that over $148 billion was sent abroad from the U.S. alone in 2017. As people leave nations gripped by hyperinflation, or simply move to look for better opportunities abroad, sending cash back home becomes a necessity. As the people in Venezuela are discovering, this can be … Read more
Russia’s stance on cryptocurrency remains unclear after the Minister of Justice this week announced that there is still no need to formalize crypto-related legislation. This is because digital assets cannot be used as a means of payment, it asserts, because the constitution forbids it. Also Read: Over 50 Bitcoin ATMs Operate Legally in Russia, Study Finds … Read more
At least 51 cryptocurrency ATMs operate in compliance with the current regulations in Russia, estimates a new report. According to the study produced by the country’s crypto industry association, the average monthly turnover of each of these teller machines is around $27,000. Also read: Crypto Startups Push Swiss VC Investments to a Record $1.25B Most … Read more
