Technology

Cash in on the High Demand for Bitcoin ATMs in Georgia

The way virtual currency has entered the public discourse is something remarkable. Those who are batting for it not just in Georgia but elsewhere across America, see endless opportunities often stretching their imaginations to alarming proportions. 

They talk of virtual currency replacing the conventional fiat currency and breaking down the barriers of exchange rates. For central banks controlling the fiat currencies, this is enough to set the alarm bells ringing. 

That’s normal with anything new that enters the market with loads of promise. While creating space for itself, the new product disrupts the market. 

Cryptocurrency has not just disrupted the market but is now leveling it for more folks to join in the boom. 

Does that mean the market for virtual currency wasn’t booming? Far from that, it was booming alright but as it happens in new market segments, certain barriers slowed down the growth for some time. 

Trade in the currency used to take place entirely on online exchanges and that was normal for an asset class that was born online. This is digital currency after all. 

Unfortunately, the online exchanges floundered miserably in managing transactions normally. It takes them at least 3-7 days to approve a transaction. 

Also, safety is hopelessly compromised as scores of users have been robbed of their assets. Criminals simply break into these exchanges as they would walk into a park. 

The ATMs are safe, easy, and efficient 

When things get desperate and when people sincerely looking for solutions, the result is usually an invention or an innovation. 

Thus came the crypto ATM as a far more efficient offline solution to replace the mess that was there as online exchanges. These ATMs are as easy to operate as conventional cash ATMs and work just as fast – transaction time is less than a minute.  

These are managed and operated by specialized companies that are known as virtual currency ATM operators. A user needs to have an account with the operator to access the ATM network they manage.  

The process of accessing the ATMs is through single-use passcodes via the user’s mobile phone. That makes it literally impossible for even the smartest online criminal to get anywhere near the user’s ATM account. 

With such a safe and easy option to trade in virtual currency, it’s normal for users to ask around, “Is there any crypto ATM near me?”

Add value to your store by hosting a Bitcoin ATM 

Georgia is among those states with a comparatively larger number of ATMs and currently has around 1,300 in operation. 

These are generally installed in public places like malls, stores, subway stations, airports, office buildings, and many more. 

If you want to get one installed at your store, you could have lot more customers visiting to use the machine. Of course, there would be many more who would want to know how to buy or sell virtual currency. 

Many of these people would even go on to make purchases at your store. That’s additional revenue aside from what you earn for hosting the machine. It’s a win-win deal.    

You just need to be well-informed about which operator of the bitcoin ATM in Georgia you are dealing with because there would be some that you may not want to deal with. 

Cryptobase is a reputable and fast-growing operator of virtual currency ATMs and they offer flexible deals that are transparent and legitimate. 

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