Tennessee-based BitKing LLC, a Bitcoin ATM provider who started operating last November with just one machine in downtown Memphis, has suffered their first burglary. After the story went viral on Reddit, Cryptoinvest reached out to Sean Pezeshk, the company’s primary operator, for more information.. https://www.pivot.one/share/post/5c82aa01016de72cb4ced24e?uid=5bd49f297d5fe7538e6111b6&invite_code=JTOJYV
Cutting-edge blockchain ATM prototypes are being rolled out in Saudi Arabia with a unique take on granting users access to funds. The ATMs use biometric scanners to scan the face of each account holders…. https://www.pivot.one/share/post/5c7b6012ad59e765d3b3ee04?uid=5bd49f297d5fe7538e6111b6&invite_code=JTOJYV
Over the last three years, the number of cryptocurrency ATMs has increased by 700%. This is indicated by data from the DRIVE Markets exchange. According to the company’s research, on January 1, 2016, 501 automatic teller machines for digital coins were in operation, and in 2019, the figure has reached 4,128. Experts believe this trend is related to the growing popularity and confidence in the crypto industry and the simplicity and accessibility of the devices compared to digital assets exchanges…………….
Although it has been a sketchy year for crypto in terms of price fluctuations, the number of cryptocurrency ATM machines in the world has doubled in 2018 to over 4,000. Crypto prices might be up and down quicker than a manic depressive, but wider adoption gets closer and closer. The figures come from data published by the crypto analytics firm Data Light and show a massive upward trend in the installation of cryptocurrency ATM machines this year. One of the most startling figures to come from the Data Light statistics is that six cryptocurrency ATM machines were installed per day on average in 2018. One of the main ingredients of wider crypto integration and adoption is the availability of crypto for the masses, and that is exactly what the increase in ATMs shows. Read more……