Could We See An Increase of Cryptocurrency ATMs?
A report published by Research and Markets suggests the cryptocurrency ATM market could grow at a compound annual growth rate (CAGR) of 54.7% between the years 2018 to 2023. The cryptocurrency ATM market currently stands at $16.3m and this is expected to grow to $144.5m by 2023. You can sell Bitcoin at an ATM and have it credited to your account.
As endorsement grows for cryptocurrencies so will the number of ATMs that are installed. Bitcoin is currently the most available but we could be able to sell Ripple or sell Litecoin just as easy.
A cryptocurrency ATM can function in multiple ways. It can work as a dispenser where your card is used to purchase a receipt dispensed with QR codes. These QR codes hold the public and private keys which are used to transfer the Bitcoin.
The crypto ATM can be more diverse than the conventional ATM as it can be used in two ways multifunctionally. The ATMs that can function this way are likely to generate more popularity. With increased availability it will become easier to sell Bitcoin or cash out crypto to have it credited or dispensed in fiat.
The cash ATMs were introduced almost 50 years ago and have provided a much-needed service for consumers across the world. The innovation of ATMs to accommodate cryptocurrencies is a huge step for the market.
For all the recent news going on in the crypto world or to sell cryptocurrency make sure you check out our site BC Bitcoin.
Dear valued BC Bitcoin UK Clients,
I hope this email finds you well. We are reaching out to inform you of some significant changes to our services that directly impact our operations within the United Kingdom. Regrettably, due to the recent regulatory developments introduced by the Financial Conduct Authority (FCA) and the implementation of the new Financial Promotions Regime, BC Bitcoin is no longer able to offer our services to clients based in the UK. This very difficult decision is in compliance with the regulatory framework and ensures that we uphold the highest standards of transparency and legality. You can view the FCA publication here: https://www.fca.org.uk/publication/finalised-guidance/fg23-3.pdf As a result, we would like to inform you of the following changes and provide guidance on how to manage your assets with BC Bitcoin:
1. **Service Termination for UK Clients:**
BC Bitcoin will no longer be able to accept new purchase orders from clients residing in the United Kingdom.2. **Continued Operation Outside the UK:**
Despite the changes within the UK, BC Bitcoin will continue to operate outside of the UK as normal. Our services will remain unaffected for clients in other regions.3. **Withdrawal of Assets:**
For our UK clients holding assets with BC Bitcoin, we want to assure you that your assets are secure. You have the option to safely withdraw your assets or exchange them to GBP or EUR and subsequently withdraw. We have streamlined the withdrawal process to ensure convenience for our clients.4. **Conversion of Assets:**
To convert your Holdings to fiat please log in to your BC Bitcoin account and submit a sell order for the amount of coin you hold with us. During the process you will shown how much you will receive and asked the bank details you wish to receive payment to. In addition, you can request the conversion by emailing info@bcbitcoin.com from your registered email address. If you encounter any issues or require assistance, our customer support team is ready to help you throughout the process.5. **Withdrawal Procedure:**
To initiate a withdrawal, please email your request to info@bcbitcoin.com from your registered email address. You may be asked some security questions to verify your identity. If you encounter any issues or require assistance, our customer support team is ready to help you throughout the process. These changes are effective immediately, and we appreciate your understanding and cooperation during this transitional period. We understand that this may be an inconvenience for our UK clients, and we sincerely apologise for any disruption this may cause. Thank you for being a valued part of the BC Bitcoin community. We are committed to providing you with a seamless experience as we navigate through these regulatory changes. If you have any questions or concerns, please do not hesitate to reach out to our customer support team at info@bcbitcoin.com Kind Regards