The situation in which Bitcoin finds itself is currently paradoxical. Because on the one hand it is criticized and under surveillance by the regulatory authorities, from which it still escapes. And on the other hand, it is becoming a monetary financial tool used and offered by more and more players in the traditional economy. Because obviously, innovation imposes itself each time by the effective use that is made of it. And this well before going through the legal box, whose late train starts to ring false. With a new milestone reached in the United States, following the implementation of an option to buy BTC in Hyosung America ATMs.
Not so long ago – less than a decade – buying Bitcoin was an obstacle course. With platforms as rare as they are risky, as in the case of the Mt.Gox case, the consequences of which are still in progress. And potential buyers much rarer than today, if we consider the historic crossing of the billion BTC addresses created only a few days ago. Because everything seems to be rushing in the field since last year.
Indeed, players in the payment and traditional finance sector are arriving en masse to take advantage of this growing success. With certain key steps, such as the integration of Bitcoin into the PayPal company’s payment network. And since, a surge of other companies looking for crypto options to attract these new kind of users and the financial windfall they represent. Latest proposal: buy BTC directly using Hyosung America’s ATMs.
Hyosung America – BTC in ATMs
Bitcoin enthusiasts know, bitcoin ATMs are nothing new. Even if their number fluctuates according to the legal prohibitions issued against them. And the price of this cryptocurrency, whose high volatility makes it an incredible investment option or an excessive risk. On the other hand, it is much less obvious to find points of purchase of BTC integrated into traditional ATMs. This if we put aside the exceptional character of El Salvador and its fleet of hundreds of distributors solely dedicated to this activity. But nothing could be more normal, since Bitcoin has become its legal currency since last year…
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However, a small revolution could well be about to occur, for the moment in the United States. With the implementation of specific applications dedicated to the sale of cryptocurrencies such as Bitcoin, directly using ATMs (Automated Teller Machines). These ATMs are available everywhere, most of the time only to provide local currency to its users. But all that could well change. Because the company Hyosung America announces the addition of cryptocurrency purchase services from the DigitalMint structure to its new app store.
« We are excited to be the first product of the upcoming Hyosung app store. And we look forward to working with Hyosung America to make cryptocurrency services easily and securely accessible at their 175,000 ATMs deployed across the US and beyond.. »
Don Wyper, COO of DigitalMint
ATM Bitcoin – A service available, but to be integrated
An agreement made on July 12. And which therefore makes it possible to consider the integration of a Bitcoin purchase option on the 175,000 ATMs of the company Hyosung America, deployed on the territory of the United States. And obviously, a desire to go further if we refer to the statements of Don Wyper, Chief Operating Officer of DigitalMint, on the subject. Even if it seems important to specify that the crypto service of this company currently only concerns 2 cryptocurrencies: Bitcoin (BTC) and Litecoin (LTC). And while the option of anonymity recently integrated by the latter puts him in the hot seat at the international level.
« It’s as easy as an app download. (…) Any Hyosung ATM can instantly access a whole new universe of transactions, including bill payment, check cashing, cash deposits, point-of-sale purchase and of course purchase of cryptocurrencies. »
Don Wyper, COO of DigitalMint
Anyway, this application is not as automatic as the counters it concerns. Because only its implementation is made possible, but it is up to each operator to decide whether or not to offer it to its users. A reality that could well see the number of these 175,000 potential purchase points drastically reduced to at most a few hundred… at best. But the option is present, all you have to do is download it…
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