Aug 13th, 2018
As cryptocurrency seeks a route to mainstream adoption, ATMs may pave the way just as they have with other non-cash forms of payment in the past.
ATMs encouraged the adoption of electronic payments through a gradual move away from cash. Cryptocurrency ATMs may offer a similar route for cryptocurrency into the mainstream. Focus on overcoming challenges to adoption, including technological practicality.
Previously only usable on the internet, cryptocurrencies are becoming a mainstream option through the proliferation of specialist ATMs such as those provided by Virtual Crypto Technologies, Inc. (OTCQB: VRCP). These establish a crypto equivalent to the ATMs of companies such as Diebold Nixdorf Incorporated (NYSE: DBD), the provider of a third of the world’s ATMs. Cryptocurrency is also appearing in other electronic payment systems, such as the point-of-sale solutions of Worldpay, Inc. (NYSE: WP), which is looking to add blockchain payments to its technology. Square, Inc. (NYSE: SQ), whose technology turns phones and computers into point-of-sale systems, is also looking at adding bitcoin to its services. Meanwhile, PayPal Holdings, Inc. (NASDAQ: PYPL) continues to expand upon its established electronic payment system, showing how smooth integration with everyday life can lead to swift adoption of new technology.