Know the Excellent Advantages of Hosting a Bitcoin ATM in Connecticut
Crypto or virtual currency has the same legitimacy in Connecticut as fiat currency and the state’s money transmission system doesn’t distinguish between the two currencies.
Not too long back virtual currency didn’t look as promising as they do today and that was due to uncertain laws and an inefficient system of exchanging the currency.
Back then, online exchanges were the only mode of exchanging the currency, and a lot of users and investors were disillusioned by the below-par performance of these exchanges.
Ever since units of Bitcoin ATM in Connecticut began appearing in markets and other public spaces, user confidence has been going up steadily.
In any market, the most critical factor for the development of a new product is whether it enjoys the confidence of customers.
Cryptocurrency is not just a monetary unit of exchange but also an asset class all by itself. It has its own value as an asset, which rises and falls and you can use it for your purchases too.
Till now, customers were at a loss about how to buy cryptocurrency online because of the unreliable exchanges.
The ATMs for this kind of virtual currency have made it very easy for users to buy and sell the currency. That makes it a great idea to host such ATMs in your shop as it will add a lot of value.
Cryptocurrency is going mainstream very fast
The way cryptocurrency led by Bitcoin grew over the years has been nothing short of amazing. It has disrupted the world of mainstream fiat currency in a big way.
Earlier, when China held sway over the process of mining digital currency the US market was not very keen on exploring the growth options.
Now, after China banned the mining of all kinds of cryptocurrency, the US market is in a hurry to fill in the vacuum. That has triggered the current boom in this market.
This boom would not have been possible without the proliferation of units of Bitcoin ATM across America including in Connecticut.
There’s no better time to host a cryptocurrency ATM
Here in Connecticut, if you ask anyone, “Where can I find a crypto ATM near me?” chances are that you would easily find one close by.
There are over 30,000 ATMs for virtual currency across the USA accounting for 9 out of every 10 such ATMs on the planet.
In the United States alone, 50 ATMs for virtual currency are being installed every day resulting in a compounded annual growth rate (CAGR) of around 60%. This CAGR is projected to hold well for the next 5 years.
Understandably, this is a very promising market for any retail outlet to leverage by merely hosting one or more such ATMs on their premises.
It’s important that you get the ATMs from a reputable and reliable ATM operator like Cryptobase to get a flexible and reasonably profitable deal.
Considering the popularity of cryptocurrency and the high demand it has in the market, hosting such an ATM will also increase footfalls in your retail outlet.