Operating Bitcoin ATMs can help improve your business in many ways. Before jumping into the details, a few important facts about bitcoin, cryptocurrency, and Bitcoin ATMs.
- In 2021, the overall cryptocurrency market reached valuations of well over $2.5 trillion – with bitcoin alone surpassing $1 trillion.
- In spite of recent pullbacks, the market is expected to continue its long-term upward trend.
- Bitcoin ATM machines offer a convenient on and offramp to and from digital assets such as bitcoin, and other cryptocurrencies – as well as increasingly popular NFTs.
Bitcoin ATMs provide an opportunity for retail customers – many of whom are unbanked or unable to access the traditional financial system – to participate in the fast-growing cryptocurrency space in exchange for cash.
5 ways Bitcoin ATMs can help store owners improve their business
Consider these five ways operating Bitcoin ATMs can help you improve your business.
1. Increased revenue
Bitcoin ATMs can provide an additional revenue stream for your business.
With every transaction, you earn a transaction fee that you can customize to best fit your needs.
2. Increased foot traffic
Bitcoin ATMs can increase your foot traffic and customer base.
Listing your Bitcoin ATM location on a locator site such as CoinATMRadar will help more interested people find your business.
3. Improve Business Image
Displaying bitcoin signs to market your machines will indicate to consumers that your business is up-to-date with recent trends and provides a wide range of services.
4. Flexibility
Being a Bitcoin ATM operator offers flexibility.
Owners have the ability to set their own “spread” on transactions and customize special promotions to bring in more new customers.
5. Remote working opportunities
Bitcoin ATMs allow people to manage their machines remotely. With special software, operators can easily check the status of all their Bitcoin ATMs from one location.
ChainBytes, for example, has a dashboard that helps operators easily keep an eye on their machines at all times.
Adoption of Bitcoin and Cryptocurrency on the Rise
Right now, Bitcoin ATMs are popping up all across the United States as the adoption of bitcoin and other cryptocurrencies continues to rise.
In the last year, the number of Bitcoin ATM machines worldwide more than doubled – reaching nearly 40,000 total machines.
Learn More about Improving Your Business with Bitcoin ATMs
ChainBytes is a veteran-owned, U.S.-based company that specializes in enterprise solutions for those wanting to set up and operate their own Bitcoin ATM fleets.
With over 30 years of experience in financial, hardware, and software development, we pride ourselves in offering the most reliable and operator-friendly Bitcoin ATMs on the market.
If you are interested in hosting, buying, or operating Bitcoin ATMs, you can contact ChainBytes here to learn about our machines, software, and deployment options.
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