[ad_1]
Despite the contraction of the market for digital assets, the automatic cryptocurrency cash machines (ATMs) are still in vogue. Second a tweet From the cryptocurrency analysis company DataLight, the number of cryptographic ATMs doubled in 2018 from 2,025 ATMs in 2017 to 4,051 ATMs, signaling an increase in the adoption of cryptocurrencies in general, despite the fall in prices.
November will drop by a month as investors will not be in a hurry, given that bitcoin, together with the rest of the cryptocurrency market, has seen a sharp fall in prices. Bitcoin, the dominant cryptocurrency, fell to $ 3,750 in November, as the market saw massive selloffs that would touch bitcoins nearly $ 3,000 in December.
The data from the Coin ATM Radar show that, while 68 Bitcoin ATMs were closed in November, 209 new machines were also installed by operators around the world. Bitcoin of America paved the way by introducing 16 new ATMs, closely followed by CoinFlip Bitcoin ATMs and Localcoin, which installed 10 and 7 new ATMs, respectively.
While the US remains the dominant country with 70 new installations, Peru, Albania and South Korea installed their first bitcoin ATMs in November, revealed the Coin ATM Radar data.
Even Bitcoin ATMs have been a target of criminals. Trend Micro security researchers have discovered malware that targets a bitcoin ATM service vulnerability, selling for $ 25,000, in an underground forum.
A senior Trend Micro researcher, Fernando Mercês, commented on the vulnerability in his report, criticizing ATM bitcoins for their lack of security standards, making them easy to hack.
"Unlike normal ATMs, there is no single set of verification or security standards for Bitcoin ATMs. For example, instead of requiring an ATM, a credit or debit card for transactions, a Bitcoin ATM provides use of mobile numbers and identity cards to verify the identity of the user. "
They may not be as secure as traditional ATMs, but they are still finding significant use cases worldwide.
ATM and Bitcoin cannabis
While providing an easy way to trade bitcoins, these debit cards have also created a channel for production companies that are experiencing banking restrictions.
Bitcoin ATMs have made it easier for pot companies to receive payments from customers, thereby reducing their dependencies on cash. PotCoin cannabis cryptocurrency has also partnered with the bit by bit ATM provider GENERAL BYTES (GB), making use of the GB network of cryptographic ATMs to facilitate the transaction process for cannabis sellers.
Virtual Crypto Technologies has also developed a proprietary cryptographic payment solution for cannabis dispensaries that allows them to exchange the bitcoin pot using a QR code located in the store's store interface.
[ad_2]Source link
