Bitcoin ATM’s Continue To Enjoy Strong Year As More Come Online Worldwide
Since the first Bitcoin ATMs started to come online in the early 2010s, it was only a matter of time until more ‘mom and pop’ consumers became aware of Bitcoin and wanted to start investing in cryptocurrency.
Since the global financial markets have been in a state of flux following COVID-19, we’re seeing more Bitcoin ATMs available around the world, especially in the United States, where everyday people can buy Crypto from local shops, stores and even their neighborhood gas station.
2021 has been an up and down year for Bitcoin though as prices quickly rose to $40,000 in January, but dropped recently by 6%, to $35,814, following the comments from Elon Musk, Tesla CEO, who said he wouldn’t accept Bitcoin payment for Tesla’s any longer due to the environmental impact that Bitcoin mining has on the earth.
Despite Musk’s comments, Bitcoin continues to be a strong alternative currency as more people than ever before are aware of Bitcoin, compared to 5 years ago, when it was still considered to be something that only computer professionals knew about.
As More People Become Aware Of Bitcoin, What’s Next For Crypto Currency?
Raising the awareness of a new product or service is the key to increasing the use of that product worldwide and the same is true for Bitcoin.
With more Bitcoin ATMs popping up worldwide, cryptocurrency will likely become even more well-known in the years to come as it’s now easier than ever before to convert cash into Bitcoin at a Bitcoin ATM that’s conveniently located nearby.
During a recent interview, Sonny Meraban, CEO of Bitcoin of America, said that his company currently has placed about 1,200 Bitcoin ATMs nationwide and they are working hard on their goal to have 2,500 locations by the end of the year.
Huge Growth Opportunity For Retailers
Anyone alive in the 1980s remembers the tremendous growth of ATMs worldwide, and we’re seeing the same demand for Bitcoin ATMs once again, especially in the United States, where more consumers are eager to invest in Bitcoin, as the value of cash declines.
Due to the demand for Bitcoin, it’s not uncommon for some retail locations to earn up to $700 per month, per location, but the key to success is finding the right location.
Ideally, locations that have high foot traffic do well, and for smaller, remote retail locations, those stores can still offer Bitcoin thanks to the wide variety of Bitcoin tablet ATMs that are on the market today.
Also see: Bitcoin Suppliers.