The Rise and Rise of Genesis Coin Bitcoin ATMs – The Merkle
There are fairly a few Bitcoin ATM manufacturers te existence today, but Genesis Coin is leading the charge with overheen 200 machines te operation around the world. This manufacturer provides both one-way and two-way Bitcoin ATMs, and they proceed to deploy machines on a regular voet.
Genesis Coin Surpasses The 200 Mark
Keeping ter mind how there are slightly under 650 Bitcoin ATMs all overheen the world [at the time of publication], almost one te three of thesis devices is manufactured by Genesis Coin. That is fairly the milestone to say the least, albeit some might argue that this is little by little leading to a centralization of ATM services ter the Bitcoin sector.
It is rather interesting to see Genesis Coin concentrate their attention on two different type of models. The most evident choice is the one-way Bitcoin ATM, where users can purchase cryptocurrency te exchange for specie. This is the most common type of ATM for Bitcoin users all overheen the world, but there is a growing request for devices where users can sell their cryptocurrency spil well.
This is why Genesis Coin has invented the Genesis1 , which serves spil a two-way Bitcoin ATM to both buy and sell cryptocurrency. What is even more interesting is how thesis particular models support two other digital currencies spil well, specifically Litecoin and Dogecoin . This makes the devices even more versatile than their competitors, which may attribute to the success of this company te the long run.
Don’t be mistaken te thinking thesis Genesis Coin machines are cheap, spil they will set you back inbetween US$6,800 and US$14,500 a lump. Thesis prices include shipping to the continental US, whereas international customers will need to pay for shipping, treating and invoer duties.
Spil one would come to expect from a Bitcoin ATM, all of the machines are packed to conform with KYC and AML regulations. An optional finger scanner can be added for those operators looking to take extra security precautions. The standard package includes SMS verification, an ID card reader, and HD camera for scanning purposes.
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About The Author
JP Buntinx is a FinTech and Bitcoin enthusiast living ter Belgium. His passion for finance and technology made him one of the world’s leading freelance Bitcoin writers, and he aims to achieve the same level of respect te the FinTech sector.