Recent years have seen the advent of a new type of crypto
service known as the cryptocurrency ATM. This is a term that has been going
around now for a while but many might still be confused at what is meant by the
term cryptocurrency ATM. The first thing one needs to know when speaking of the
term cryptocurrency ATM is that these are not ATMs in the traditional sense.
They are instead tied to the world of cryptocurrency purchases and sales. This
is a service that makes it easier than ever to purchase cryptocurrency through
a cash transaction, and provides users with local
bitcoin purchasing options. As the industry grows, these machines are
becoming increasingly user-friendly. The trend toward cryptocurrency ATMs is
one that is certainly seeing significant growth at the moment.
A Service That Has Seen a Quick Expansion
At the moment there are currently more than 5 thousand of
these cryptocurrency ATMs around the world. This growth has been rapid and this
number was reached in a relatively short amount of time. What this points to is
the fact that there is a larger number of people than ever before who can
quickly and easily buy cryptocurrency. The process of using one of these ATMs
is generally only around five minutes. Many of these ATMs also offer a variety
of different cryptocurrencies that are currently in today’s market. Many new
cryptocurrency ATM service providers are now appearing in today’s landscape.
One of the most notable organizations in this field that is currently operating
in Canada, the United Kingdom, and the United States is CoinFlip.
A Rising Star in the Industry
CoinFlip is headed up by its dedicated Chief Executive
Officer Daniel Polotsky. He has become a true innovator in this field of
cryptocurrency ATMs and he has achieved this success by noticing areas that
need to be improved. His ability to find solutions to these issues has helped
to turn CoinFlip into a rising star within this industry. Daniel noticed that
the first generation of cryptocurrency ATMs was simply not ideal when it came
to usability. Since he noticed this, he has made it a goal at CoinFlip to change
this and to create cryptocurrency ATMs that can easily deliver services to
customers. The success of this strategy is being shown in the growth currently
ongoing at CoinFlip. There are a total of six cryptocurrency types that can be
purchased and sold through the firm’s ATMs.
How CoinFlip is Making a Difference
The business at CoinFlip was first launched during the 2015
calendar year. By 2016, the firm was showing an impressive ability to grow.
Since that time, CoinFlip has picked up a variety of different customers. One
of the demographics that this service is particularly valuable to is the
unbanked. There are literally people from all walks of life that are currently
utilizing the excellent services that have been put forward by CoinFlip and its
user-friendly cryptocurrency ATMs. Proving these services at the highest level
has been the driving force behind the company since its launch. The leadership
term of Daniel Polotsky has been effective at ensuring that these goals have
been met consistently.