As cryptocurrency seeks a route to mainstream adoption, ATMs may pave the way just as they have with other non-cash forms of payment in the past.
- ATMs encouraged the adoption of electronic payments through a gradual move away from cash.
- Cryptocurrency ATMs may offer a similar route for cryptocurrency into the mainstream.
- Focus on overcoming challenges to adoption, including technological practicality.
Previously only usable on the internet, cryptocurrencies are becoming a mainstream option through the proliferation of specialist ATMs such as those provided by Virtual Crypto Technologies, Inc. (OTCQB: VRCP) (VRCP Profile). These establish a crypto equivalent to the ATMs of companies such as Diebold Nixdorf Incorporated (NYSE: DBD), the provider of a third of the world’s ATMs. Cryptocurrency is also appearing in other electronic payment systems, such as the point-of-sale solutions of Worldpay, Inc. (NYSE: WP), which is looking to add blockchain payments to its technology. Square, Inc. (NYSE: SQ), whose technology turns phones and computers into point-of-sale systems, is also looking at adding bitcoin to its services. Meanwhile, PayPal Holdings, Inc. (NASDAQ: PYPL) continues to expand upon its established electronic payment system, showing how smooth integration with everyday life can lead to swift adoption of new technology.
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About Virtual Crypto Technologies Inc.
Virtual Crypto Technologies Inc., through its wholly owned Israeli subsidiary Virtual Crypto Technologies Ltd., has developed the NetoBitTrader, a proprietary, cryptographic algorithmic technology that it is able to confirm in real-time the purchase or sale of virtually any cryptocurrency. Virtual Crypto’s NetoBit products dramatically improve the cryptocurrency trading experience with faster execution and lower costs. Setting a new time-to-transaction standard, trading in seconds rather the industry norm of 20 minutes, allows NetoBit customers to enjoy the best crypto-exchange rate at the point of transaction. The company is marketing its NetoBit Trader software and hardware products for the purchase and sale of cryptocurrencies through ATMs, tablets, PCs and mobile devices. Virtual Crypto Technologies further believes that the ability to immediately confirm cryptocurrency transactions in real-time provides a significant competitive advantage in making the purchase and sale of cryptocurrencies user friendly. For more information, visit the company’s website at www.Virtual-Crypto.com
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