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The cryptographic asset based on Scrypt Flash is releasing a new "human ATM" feature in regions of Africa and South America that have seen their national legal currencies fall victim to inflation. The function will provide peer-to-peer exchanges in countries like Venezuela that have little or no access to traditional banking services and must instead rely on cryptocurrencies to provide for their people.
Human ATM is available via the Flash mobile wallet. In addition, Flash offers applications that allow customers to host multiple bitcoin and Litecoin cryptocurrencies to Dash and Ethereum. At the time of the press, as many as 800 different merchants across the globe will adopt Flash in the coming months, according to the company's marketing director, James Hinton.
Provide encryption to all those who need it
The human ATM function allows customers to upload maps of individuals who offer trading on their own via their mobile phones. People can buy or sell their cryptocurrencies in person, then transfer units to specific phone portfolios. The service will presumably give all users in countries such as Venezuela 24-7 access to cryptocurrencies like bitcoin and ether.
At the time of writing, Flash is supported by numerous small cryptocurrency exchanges, although it has attracted the attention of larger companies such as the Einstein Stock Exchange in Canada. The currency also boasts over 600,000 active addresses worldwide.
Flash was built with the unusual, although other applications offer similar functionality. Because Flash allows you to retain multiple forms of encryption, Coindex allows users to keep track of their complete cryptographic portfolios. The platform gives mobile users a dashboard that combines all their portfolios in one space, so they can see the progress of their crypto investments and better understand their financial gains. Users can also pre-select specific currencies they are potentially interested in to see how their prices behave.
Finally, the application also informs users of any upcoming or current initiation (ICO) coin offerings.
Crypto connection to the world
In a related story, Flash also announced a recent collaboration with Crowdforce, based in the African nation of the Seychelles.
Crowdforce offers cryptocurrency-based payment options to over 8,000 separate vendors, which means all registered companies have the ability to provide Flashcoin payments to their employees.
Is human ATM a feature that you would use? Why or why not? Post your comments below.
Image courtesy of Shuttershock
