Interested in becoming a bitcoin ATM operator? ATM Marketplace, an ATM industry resource, has released a 40-page guide on bitcoin ATMs that explores every aspect of the business opportunity. The report is titled, “Bitcoin ATMs 101: Opportunities for the IAD.” IAD stands for independent ATM deployment.
The guide, the first to examine the emerging cryptocurrency ATM market, notes bitcoin ATMs offer an efficient and secure way for people to buy and sell bitcoins. ATMs are an alternative to bitcoin exchanges that many believe are more susceptible to hacking and fraud. Bitcoin ATMs shoulder the credit, counterparty and volatility risk associated with bitcoin exchanges.
The guide includes an overview of bitcoin for readers who may be completely new to cryptocurrency.
Opportunity for Existing ATMs
For existing ATM operators, bitcoin offers an opportunity to generate additional revenue streams at their ATMs. Operators of existing ATMs can install bitcoin software, allowing them to provide bitcoin in