Recently I went to an ATM and was surprised to find out it did not offer any service of any kind. It seemed like they were trying to limit the access to the public to their coins. In fact, their ATMs were located in high traffic places like malls and other places with a large number of people. There was no one in my local town that had one. That bothered me, because as a matter of fact I use these bitcoins on a regular basis and should have been able to find one in my own town.
Then I remembered that many Cryptocurrency ATMs is owned by companies that want to promote their business. They don’t really care about the currencies they are dealing in, only the money. Therefore, a company could put out a pseudo-ATM where anyone can walk in and withdraw their own cryptosurf as they please, without having to go through a middleman such as a teller machine. It would be like a cash till, only instead of cash you get your own piece of digital currency. So, if I wanted my own cryptosurf, it would be right around the corner.
I decided to look at one of the teller machines that I had noticed around the mall. This told me a few things, for one it was a QR code Bitcoin near me. A QR code is a two-dimensional barcode that can be read by any smart phone, including iPhones and Blackberries. Many of the ATM’s will have this installed, but it didn’t make sense that it wouldn’t be available in a private location just outside the front door of a business such as a bar.
Further investigation led me to discover that the Bitcoin ATM near me wasn’t actually a stand alone unit. All of their ATMs are actually incorporated into other services and websites. There are several merchant accounts which are operated by companies who have chosen to partner with Bitcoin businesses in order to promote their business. By integrating the services of these companies such as BitPay, they have been able to expand their clientele and create a strong partnership with one of the most rapidly growing facets of the Internet, Cryptocurrency.
If you’d like to know more about where I got my bitcoins, I’ll direct you here. It all started with an acquaintance who reached out to me and asked if I’d help him out with some research into some potential places where he could buy wholesale products from Asia for a profit. We started talking about all the different possibilities for buying goods in Asia cheaply and safely, then trading them back once they reached us. After a few exchanges back and forth, he ended up telling me about his project – an online store that sells a variety of different things through QR codes. This project was born from his fascination with bitcoins and he wanted to make the process as easy and accessible as possible for the average consumer.
Once he was able to complete this task, he had developed his website and he was ready to launch his site. One of the most exciting aspects of his project was the partnership with a company called BitPagos which allows you to scan your public BitPagos wallet QR code and instantly access one of their ATM machines. You can use your ATM to withdraw money from any major credit card processor such as VISA, MasterCard, or Diners Club. He told me that he was planning on setting up a couple more ATM locations in key locations around the United States – Boston, New York, and Chicago. With the current rate of growth of the digital currency, I expect this trend to continue.