“Cash is king” as they say, and this saying emphasizes the importance of liquidity in any financial system. Even if Bitcoin is progressing at a quick pace in value and altcoins are being developed to satisfy a myriad of business uses, the whole crypto industry (and especially mainstream user adoption) hinges on the ability to make transactions easy and secure.
This is part of the motivation for the recently planned Bitcoin fork, the Raiden and Lightning Networks and other projects that seek to make using cryptocurrencies easier. But for many, especially those new to cryptocurrencies, the ease of a fiat ATM is something cryptocurrencies can’t match.
Not only do cryptocurrency ATMs have a high rate of fees involved, but they also often don’t have many options for different currencies and also have limits on how much they can be used for. Some ATMs can also only be used for buying crypto.
A European company have what they believe is a game changer of an advancement in ATMs for cryptocurrencies. They are leveraging different efficiencies in exchanges and hardware to reduce fees and make cryptocurrencies easier to obtain for mainstream users. Cointed is a platform that encompasses ATMs, an exchange, a debit card and Point of Sale solutions for a different experience.
Full story at http://bit.ly/2k11eip
Source: CryptoCoinsNews
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