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Automated Teller Machine (ATM) is known for its ease of use and convenience. But ATM are mostly used by banks to dispense cash at various points. But with the rise of digital currencies/cryptocurrencies, there is need for a machine that can dispense these digital currency so to speak. In this article, we try to explain Bitcoin ATM in it’s simplest form.
Bitcoin the most priced digital currency now have its own Automated Teller Machine(ATM). This simply means that anyone who wishes to buy or sell bitcoin(Exchange bitcoin) can visit a Bitcoin ATM and make the transaction.
According to Wikipedia, Bitcoin ATM allows users to send or receive bitcoin. Simply put, at a Bitcoins ATM you can change your bitcoin to cash and you can also buy bitcoin to your wallet instantly. For this to be possible, it means that the machine has to be connected to the internet and to bitcoin exchange platform.
Like normal ATM, bitcoin ATM also have a charge fee that is paid anytime the machinist used. Though their charge is slightly higher compared to normal processing fee but one can not dispute the ease and convenience that is enjoyed from using the machine.
As at the time of writing this article, Australia already considered installing some 3,000 of these machines in their country. The world is going digital and you don’t want to be left behind use the CONTACT US PAGE
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