Coin Cloud's Bitcoin ATMs Allow Users to Buy and Sell Cryptocurrency
Katherine Pendrill — December 9, 2016 — Tech
References: coincloudatm & cointelegraph
As bitcoin becomes an increasingly viable financial option for many people, Cloud Coin has announced the expansion of its Bitcoin ATMs across the US. With more than 15 'Bitaccess' BTM kiosks already in operation, Cloud Coin may soon become the go-to brand for buying and selling bitcoin.
Cloud Coin bills itself and its Bitaccess BTMs as the solution for many of the current banking limitations. For instance, Cloud Coin's services allow those without the right credentials or without a working knowledge of English to buy and sell bitcoin with ease. The BTMs also make it easier for remitters to turn their cash into bitcoin to send back to their home country. These cross-border capabilities make bitcoin and BTMs an increasingly popular option for many consumers who are excluded from traditional banking systems.
With several BTMs already in operation throughout Las Vegas and Los Angeles, those attending Trend Hunter’s Las Vegas innovation conference will have plenty of opportunities to see the technology in action.
Cloud Coin bills itself and its Bitaccess BTMs as the solution for many of the current banking limitations. For instance, Cloud Coin's services allow those without the right credentials or without a working knowledge of English to buy and sell bitcoin with ease. The BTMs also make it easier for remitters to turn their cash into bitcoin to send back to their home country. These cross-border capabilities make bitcoin and BTMs an increasingly popular option for many consumers who are excluded from traditional banking systems.
With several BTMs already in operation throughout Las Vegas and Los Angeles, those attending Trend Hunter’s Las Vegas innovation conference will have plenty of opportunities to see the technology in action.
Trend Themes
1. Expansion of Bitcoin Atms - The increasing adoption of Bitcoin ATMs by Cloud Coin presents opportunities for further expansion and integration into the financial industry.
2. Accessibility of Bitcoin for Unbanked Individuals - Cloud Coin's BTMs provide an innovative solution for unbanked individuals, allowing them to easily buy and sell Bitcoin without traditional banking limitations or language barriers.
3. Cross-border Remittance with Bitcoin - The integration of BTMs into Cloud Coin's services enables a convenient and popular option for cross-border remittance, giving consumers the ability to convert cash into Bitcoin and send it to their home country.
Industry Implications
1. Financial Technology (fintech) - The expansion of Bitcoin ATMs by Cloud Coin presents disruptive innovation opportunities within the FinTech industry, particularly in the areas of digital currency adoption and accessibility.
2. Banking and Payments - Cloud Coin's Bitcoin ATMs disrupt the traditional banking and payments landscape by providing an alternative option for individuals to buy and sell Bitcoin without relying on traditional banks or payment processors.
3. Remittance Services - The integration of BTMs into Cloud Coin's services disrupts the remittance industry by offering a more efficient and cost-effective solution for cross-border money transfers using Bitcoin.
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