With over 4000 units now available around the world, Bitcoin Teller Machines (BTMs) are bigger than ever. At Bitaccess, we are proud to have played a major role in the BTM revolution— and now, we’re even more excited to launch a new chapter of BTM history. With the integration of Faa.st into our BTM software, our customers across the world can now purchase over 70 different altcoins with cash or sell them for cash on the spot.
Over the past few years, BTMs have helped drive adoption by offering a seamless portal between cash and bitcoin, including for many people that may not otherwise been able to access cryptocurrency. Despite the major downturn in crypto prices during 2018, use of our BTMs increased throughout the year. Clearly, the public has not lost faith in cryptocurrency, and that’s why we made the decision to make more digital assets available to our customers.
That’s right— you no longer have to create accounts on centralized exchanges to add some of the most popular digital assets to your wallets. With our BTMs, you can now purchase popular assets including (but not limited to) Ethereum (ETH), Bitcoin Cash (BCH), Litecoin (LTC), Tron (TRX), and more!
How does it work? Just the same as it always has— just select the “Altcoins” icon in the BTM user interface and you’ll have access to supported altcoins. As with BTC, the BTM can generate a wallet address for assets on different blockchains if you wish.
If you are a BTM operator, Bitaccess aims to ensure that your business remains streamlined and has implemented this feature with that in mind. All altcoin transactions are settled through BTC, meaning that no additional inventory is required. Though integration with faa.st, BTM operators are able to offer significantly more crypto-assets to their customers without any additional overhead.
Users can now also sell their altcoins remotely and collect their cash at BTM locations.
What are you waiting for? Use our BTM locator to find the machine closest to you and try it out today!
Further reading: Bitaccess CEO Moe Adham quoted in Coindesk: “Bitcoin ATM Startups Say They’re Booming, Thanks in Part to Venezuela”. Coindesk, Jan. 25th 2019 https://www.coindesk.com/bitcoin-atm-crypto-venezuela-tokens