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For the first time in my life I could purchase Bitcoin, Ethereum, Litecoin and Monero from a crypto ATM here in Geneva (Switzerland). Mass adoption is really starting!

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by COINS NEWS 246 Views

For the time first time ever I used a crypto ATM here in Geneva - although hidden in the manor store, four coins were available for purchase with a 1000 chf limit per person per day. Cash only, you are given a qr code with a public key to send and receive the amount your purchased. The machine was operated by Bity, and for any purchase of Bitcoin I was asked a fee of 4 chf.

This is truly astonishing considering that 10 years ago buying Bitcoin was almost like using limewire. Gradually, I hope to see more ATMs pop up and enable people to invest without having to disclose all your personal information on sites like coinbase or binance.

Mass adoption is really around the corner, and with more and more people jumping on board, I do believe crypto ATM will be a bridge of accessibility. When crypto will become a useable currency in major stores these will become essential!

Edit: Thank you all for taking the time to leave a comment and for the awards and upvotes! I must clarify that the reason I made this post was literally because I think it’s useful for all of us to hear, discuss and argue about crypto ATMs and debate on accessibility of crypto to the public and investors, and also to help fellow noobs (like myself) and non-noobs discover something we didn’t know much about until now. I literally found out about this ATM not even two days ago.... Also, how freaking cool is it that you can buy crypto from an ATM?! Come on, that’s just awesome (with pros and cons I hear you).

Edit2: For all those that are upset I didn’t cross post from the other subreddits I posted at - my bad, didn’t know I could do that!

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