Bitcoin is the first ATM machine of its kind that offers consumers a chance to use an alternative source of currency that isn't standardized money. Instead Bitcoin offers a radical digital form of currency that is set to revolutionize the way consumers shop and purchase goods.
Essentially Bitcoin is a open network that encourages what the company refers to as "instant peer-to-peer transactions." In that sense, any consumer anywhere in the world is able to make payments with little to no processing costs. That's because Bitcoin operates through a ownerless marketing dynamic in which everyone has the opportunity to take part in. Recently teaming up with CAVIRTEX, Bitcoin has opened up six new BTM -- Bitcoin ATM machines -- for consumers to test out in the Greater Toronto area with several more locations across Canada. The open-source platform of Bitcoin is set to revolutionize the banking industry as we know it.
Digital Currency ATMs
The Bitcoin ATM Machines Offers Consumers an Alternative Currency Format
Trend Themes
1. Digital Currency Atms - Bitcoin ATM machines are offering consumers an alternative digital currency format.
2. Instant Peer-to-peer Transactions - Bitcoin's open network enables instant peer-to-peer transactions with low processing costs.
3. Revolutionizing the Banking Industry - Bitcoin's open-source platform is set to revolutionize the banking industry.
Industry Implications
1. Financial Technology - Bitcoin ATMs are disrupting the financial technology industry by providing an alternative digital currency format.
2. Payment Processing - Bitcoin's instant peer-to-peer transactions are disrupting the payment processing industry with low processing costs.
3. Banking - Bitcoin's open-source platform is disrupting the traditional banking industry.