Bitcoin is one of those things that seems like it will stay under the radar until at one point, its use all of a sudden becomes commonplace. One technology company is working hard to make that a reality through the use of a much-needed tool when it comes to currency: the ATM machine. Traditional currencies are dispensed through the ATM and now, Bitcoin may have their own as well.
The comping pioneering the Bitcoin ATM and a few other modes of payment is Bitaccess. Unlike a traditional ATM whereby one uses plastic to release money, this system operates upon inserting real money to release Bitcoins. Currently, it is only available in Canada.
What Is BitAccess?
Currently, it seems that Bitcoin is not very accessible to the everyday individual – but the level of accessibility may soon be changing and through the efforts of Bitaccess. Bitaccess is developing the first ever Bitcoin banking machine and voucher program that enables users to quickly receive Bitcoin in exchange for cash. The startup was founded in Canada and since its start, it has grown to be a promising and interesting solution to accessing Bitcoin and to making the currency much more commonplace.
Providing Companies And People With Financial Alternatives
Getting financing from traditional financial institutions can be a difficult feat for many companies and individuals. Bitaccess also services as a financial alternative that enables them to get funds in a much quicker, easier, and more accessible manner. Further, all transactions performed through Bitacess are secure, so there shouldn’t be any concern when using the system. To date, Bitaccess operates in Canada and it has over 6,000 Bitcoin machines in various cities to make the currency more accessible to those who need it.
Interestingly enough, those who want to own their own Bitaccess machine can do so as well by purchasing one through the Bitaccess website. This is simply another investment opportunity for those who believe in Bitcoin and its future.
How Does BitAccess Work?
Before choosing a system, it is important to understand how it works. The good news is that Bitaccess is a really simple solution, which means there should be very little time spend on figuring it out. To help propel the process, here is an overview of how to use it:
Select The Amount Of Bitcoin To Purchase With Cash
The first step, which can be completed through the Bitaccess website or a Bitaccess ATM is to select the amount of Bitcoin that one wants to purchase with cash. Upon selecting the amount, users can proceed to the next step.
The Transaction Goes Through
Second, once the transaction goes through, users will receive Bitcoin in return and the merchant gets the cash. The normally takes a minute to complete.
Up To $2,000 Worth Of Bitcoin Per Day
Finally, it is important to keep in mind that those who use this platform can purchase only up to $2,000 worth of Bitcoin per day.
Clearly, using Bitaccess seems like a simple process. Those who live outside of Canada may need to opt for the online platform to complete the transaction, as there are currently no Bitaccess ATM machines being issued outside of the country. Those who live in Canada can find an ATM using the brand’s search tool on its website. The good news is that all of the ATMs are currently located in major cities, so accessing them should not be an issue if one lives nearby.
There are many benefits that Bitaccess offers. Here are the main advantages of this platform so that users have a sense as to why they should choose this platform:
Get Bitcoin Right Away
First, one of the main advantages of this system is that it enables users to have quick access to Bitcoins. Very few other platforms provide the same rapid response to helping users procure Bitcoin, which is why it is such an attractive option.
Second, this system provides users with optimal security. The security garnered through this platform is much higher than what other online transactions offers, making it an attractive alternative. Those who have a Bitcoin wallet can feel much more secure and safe, making it a great source for both individuals and companies.
A Growing Platform
Finally, Bitaccess is a growing platform. While it isn’t as widespread yet as many would like, it is becoming more and more commonplace, which means that soon, a greater number of users will be tapping into its usefulness.
Clearly, there are many benefits to be had when one give Bitaccess a try. The platform can be accessed both online or through an ATM in one’s area.
Ultimately, those who are interested in learning more about Bitaccess can do so through the brand’s website. They can also find ATM locations using the site so that they can exchange money for cryptocurrency as well.
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