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Meet the CHAINBYTES + 2 Way Bitcoin ATM
The ChainBytes team is excited to reveal our latest Bitcoin ATM: meet the CHAINBYTES + 2 Way Bitcoin ATM. A state of the art cryptocurrency ATM designed for easy compliance and fast ROI.
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Venezuelan Government Launches State Backed Crypto Remittance Platform
After imposing new tax regulations on incoming remittances, the Venezuelan government launched its own remittance platform. However, the only supported currencies, besides the Venezuelan Bolivar (VES), are Bitcoin and Litecoin. Migrant workers abroad can send...
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Canada Revenue Agency Research: Bitcoin ATMs Increase Store Traffic
Canada Revenue Agency Determined that Bitcoin ATMs Increase Store Traffic.
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Bitcoin Transactions Reaching All Time Highs
The amount of confirmed Bitcoin transactions have been steadily rising, reaching levels that were only seen during the cryptocurrency craze of late 2017.
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Chainbytes 2 Way Bitcoin ATM Installed in the Lehigh Valley Area
The Army & Navy Store, in Whitehall, a suburb of Allentown, Pennsylvania, is now home to a ChainBytes 2 way Bitcoin ATM. The kiosk allows users to instantly buy and sell Bitcoin, or fractions of it, the new form of currency that has the potential to revolutionize commerce and disrupt the payment industry.
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Fuel For Startups Episode 14
Our CEO, Eric Grill, was featured as a guest on Propellant Labs Incubator's podcast Fuel For Startups - Episode 14 hosted by Gene Swank where, together with other experts and investors, covered several topics concerning blockchain technology and cryptocurrencies....
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Sending Money Abroad? Consider Using a Bitcoin ATM
According to the World Bank remittances hit $613 billion in 2017 and this amount is expected to continue to increase. The costs associated with sending money abroad using traditional method have caused migrant workers and expats to turn to cryptocurrencies to send...
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Buy the Perfect Gift Using a Bitcoin ATM
In a twitter poll by Bank of England the majority of voters picked crypto as the preferred method to receive a monetary gift; also, investment bank and asset management firm Piper Jaffray reported on their “Holiday 2018” consumer report that teens rather receive...
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Bitcoin First Transaction 10th Anniversary
Ten years ago today, on January 12th, 2009, Satoshi Nakamoto sent Hal Finney 10 bitcoins as a test. It was the first Bitcoin transaction ever made. Today, more than 280,000 transactions per day are processed on the Bitcoin blockchain. Hal Finney was a respected...
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Ethereum Constantinople Network Update
The Ethereum community eagerly awaits the much anticipated Constantinople hard fork, or as Vitalik Buterin suggested recently on twitter, “network update”. According to ethereum.org’s blog, the update will implement 5 Ethereum Improvement Proposals (EIPs) to...
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First Bitcoin Tweet
Hal Finney was an Engineer who worked in the computer gaming and cyber security industry. He was a Cryptographic Activist and created the first reusable proof of work system before Bitcoin. On January 10, 2009 he posted the very first tweet about Bitcoin. Hal Finney...
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Genesis Block 10th Anniversary
On January 3, 2019 the Bitcoin community celebrated the 10th anniversary of the genesis block. 10 years ago, in the middle of a global financial crisis, the first block of the Bitcoin blockchain was mined. Satoshi Nakamoto included in the blockchain a headline from...
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Altcoin Support
Altcoin SupportChainBytes ATMs now support altcoins BTC, ETH, LTC, PIVX and Dash. Operators can add more coins. Coin developers and altcoin support teams can now request a listing of new coins. ATM Operators can request additional coin support by submitting a request...
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New Bitcoin ATM in California, at the Grass Valley Chevron McKnight Exit
New Location in California. BTM operated by Bayside Company.
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3 Reasons Why ATM Operators Should Include Bitcoin ATMs to Their Business
‘Automated Teller Machines’ have been around for over half a century. They allow users to complete transactions automatically
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5 Types of Bitcoin Wallets New Users Should Be Familiar with
What is a Bitcoin Wallet? Technically, bitcoins do not have a physical form or are stored in a single location. There are only transactions which are stored on the blockchain.
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Watch: The First Bitcoin ATM Transaction Using the Belarusian Ruble
After the Hi-Tech Park Belarus announced “Complete Legal Regulations” for cryptocurrencies, ChainBytes installed the first Bitcoin ATM in Belarus.
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How to use a Bitcoin ATM
Bitcoin ATMs Bitcoin, the most popular cryptocurrency in the world, has become a widely accepted payment method. Even though, it has faced some setbacks it continues in the limelight. Moreover, various businesses ranging from small convenience stores to multinational...
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Benefits of Hosting Bitcoin ATMs
Information provided on this blog post is general in nature and does not represent financial advice. One of the easiest ways to buy and sell cryptocurrencies is using Bitcoin ATMs. They are similar to the traditional banking ATMs, easy to use and simplify the process...
read moreBitcoin Divisibility: Satoshis & Units
Bitcoin’s divisibility is one of its many features. People that have never used cryptocurrencies before might think that they are required to purchase a whole Bitcoin to transact with the new form of currency; however, one Bitcoin is divisible into 100 million units and its smallest unit is called a Satoshi.
read moreBitcoin ATMs: The Future of Cryptocurrencies
What is a Bitcoin ATM? Bitcoin, the world's most notorious cryptocurrency and blockchain technology are disrupting almost every industry around the world. A Bitcoin ATM is a kiosk, similar to the traditional banking automated teller machines, which allow users to...
read more5 Ways You Can Load Your Bitcoin Wallet
If you’ve signed up for a bitcoin wallet, the next best step is to load it. Although a lot of people now own bitcoin wallets, there are still those who are at loss on how to load their bitcoin wallets while there are also people who only know of just one or two ways....
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What is Bitcoin Mining and What Has Changed in the Past Few Years
One of the most common questions about bitcoin is how it’s actually mined. Given its meteoric rise over the years, it’s no wonder why people are extremely curious about origins. So how does bitcoin mining actually work and how has it changed over the past years? In...
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Effective and Simple Ways to Secure Your Online Wallet
With the widespread acceptance of bitcoin, it’s no wonder that most retail stores and establishment nowadays accept it as a form of payment. Along with the worldwide adoption of bitcoin came the need for it to be accessible at all times and at any location. This has...
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How 24/7 Bitcoin ATMs Added Convenience to People’s Lives
One of the biggest successes of the digital currency industry is bitcoin’s worldwide acceptance as a leading alternative payment system. Both people and business have adopted it and are now using it for all kinds of online and real-world purchases. After having seen...
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The Bitcoin Benefit: Why It’s a Convenient Payment Method For Everyone
When you mention cryptocurrency, bitcoin is most likely the first thing that comes to your mind. It’s been no doubt the foremost success story of the industry—rising from just $1 in 2010 and now clocking at $14,753.13 as of January 9, 2018. Now pegged as the world’s...
read moreWhy Bitcoin ATMs Give Better Deals Than Exchanges
Ever since the growth of bitcoin, exchanges have sprouted left and right. To date, it’s one of the most popular known ways to buy bitcoin. But what many people don’t know is that there’s a better way to bitcoins that will give you more value. If you’ve known someone...
read moreAdvantages of adding Bitcoin ATM to your ATM business
A BTM or a Bitcoin ATM is a machine that allows people to buy or sell Bitcoins with Fiat. The first BTM in the world was installed in a coffee shop in downtown Vancouver, Canada. The United States got its first BTM in 2014 in a cigar bar in New Mexico. BTMs have been...
read moreSteps to start a Bitcoin / Blockchain business
Bitcoin, a product of revolutionary Blockchain technology, was invented by a person or a team under the pseudonym Satoshi Nakamoto. Bitcoin enables peer-to-peer payments without a bank or any central authority to authenticate it. The whole system is governed by code...
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