Everything About Bitcoin ATMs
“Be your own bank”
That was the battle-cry of Bitcoin amid the financial crisis brought about by the US real estate and financial bubble. When Bitcoin was started by Satoshi Nakamoto in 2009, who would have thought that the idea of decentralizing the world’s finances would be an after-effect?
But there was a problem with Bitcoin as a currency, it was intangible. The code was intangible. The idea of transmitting money through bits and bytes would be incomprehensible for a world market back then that has barely scratched the powerful potential of Internet technology.
How can you spread the gospel of Bitcoin, if nobody can see it?
Bitcoin ATMs captured the imagination of all
The machines stood on equal ground with the ATM machines of banks. They can be found in malls, commercial centers, pawnshops, street corners and practically anywhere where there is foot traffic. They represented something associated with banks and money and brought awareness to all who saw them. What is a Bitcoin? How can it be used?
The effect has been viral. A lot of people have already heard about Bitcoin on the Internet – but they’ve also heard about Paypal, moneybookers and such. Strategically placed machines in a busy commercial center made people more curious. The machines made people want to use them. Thus begins the Bitcoin journey.
This course would delve into the different kinds of Bitcoin ATM machines available on the market. At the end of this course, the student is expected to have a more profound outlook of how Bitcoin ATMs are used, where they can be found, their advantages and disadvantages, the different kinds of machines and how to procure one for their business and to spread the gospel of Bitcoin.
- Lectures 10
- Quizzes 1
- Duration 4 hours
- Skill level All levels
- Language English
- Students 431
- Assessments Yes
Spreading the Gospel of Bitcoin - One ATM Machine at a Time
This section gives a general overview of the Advantages and Disadvantages of using Bitcoin ATMS. It also provides an awesome way to find the nearest Bitcoin ATMs near you.
Bitcoin ATM Manufacturers/"Producers"