ATM (automated teller machine) is an electronic device that is used by financial services to provide various operations for their customers. The most commonly used ATM transactions are cash deposits and withdrawals, transferring funds and obtaining account information. Some current ATMs are also capable of performing such operations as selling train and lottery tickets, offering an opportunity for charitable donations and retailing concert tickets. The outburst of the popularity of cryptocurrency has also influenced ATMs and led to the development of cryptocurrency ATMs. The most popular of them is, of course, Bitcoin ATMs that allow people to exchange Bitcoin for cash, but one can also find Litecoin and Ethereum ATMs. However, crypto ATMs are not an ATM in the traditional sense, as it is not connected to a bank account, but to the Bitcoin exchange itself.
Crypto industry concern mounts ahead of the likely introduction of a bill to ban retail traders from cryptocurrency activities in Hong Kong.
Exchanges warn that Hong Kong's crypto retail trader ban could backfire
Crypto proponents in Hong Kong say incoming cryptocurrency regulations could preclude citizens from using Bitcoin ATMs.
Hong Kong crypto group warns new law will restrict people’s access to Bitcoin
Crypto debit cards have gained popularity in recent years, and one company is aiming to gain an upper hand over rivals by eliminating downsides and offering com...
Millions of dollars spent on these crypto debit cards... but on what?
Upstart blockchain firm Bots Inc. claims it can demand between $14 million and $18 million in monthly revenue after acquiring a patent to Bitcoin ATM technology...
New patent holder wants $18M a month from US Bitcoin ATM operators
New machines are now coming online at a rate of nearly 1 per hour
Crypto ATMs continue to boom globally in 2020
The country is relatively new to crypto adoption, but is building momentum quickly.
Bitcoin ATMs are booming in this Latin American country
LibertyX wants to provide instant Bitcoin cashouts as the token hits new 2020 highs.
LibertyX launches Bitcoin-to-cash sales at ATMs in United States
Check out this week’s Bad Crypto podcast.
Bitcoin rips and cruise ships: Bad crypto news of the week