How BATM is Revolutionizing Cryptocurrency Market and Blockchain Technology
Even though a lot of governments around the world are suspicious about bitcoins and crypto currencies and even banned the trading or mining of bitcoins and altcoins within the territory, bitcoin and alt coins are doing a lot in terms of popularaty gain and technological progress.
You can now carry your bitcoins just like you carry cash or credit cards. You have a hardware wallet that looks something like a data stick and allows you to send or spend bitcoins just by connecting to another device.
You even have Bitcoin ATM, where you can buy bitcoins or convert your bitcoins for real cash. Just like the conventional Automated Teller Machine, where you withdraw or deposit cash, Bitcoin Automated Teller Machine or BATM for short is an ATM that allows you to deposit bitcoins (buying), or withdrawing bitcoins (selling). You can use hard cash to buy bitcoins or receive real money against your bitcoins.
There are a lot of companies that manufacture BATM. Once such company is called ChainBytes. ChainBytes is an innovative Blockchain software company that provides practical deployment of Blockchain use by providing a wide range of hardware products and software solutions. The company provide custom build ios, android and windows wallets for alt-coins and custom bitcoin wallets for a company in order to help these cpmpanies establish business brands irrespective of geography or business niche.
One of the major product offered by ChainBytes is Bitcoin ATM. They offer one way bitcoins ATM as well as 2 way BATM. One way BATM is a machine that allows you only to buy bitcoins, you cannot sell Bitcoins. Two way machines offerr two way operation (buying and selling), you can deposit (buy) and withdraw (sell) bitcoins for real cash. These machines are 22 inches long, 24 inches wide and 70 inches tall. BATM also gas touch screen, card dispenser, camera, Barcode/ID scanner, cash recycler, remote;y controlled monitor etc, These machines ae priced between $6500-$7999.
Eric Grill, the CEO of ChainBytes, himself is very important figuer in cryptocurrency market and blockchain technology. Eric Grill’s Bitcoin career started in 2012. He believed people should be able to use bitcoins just like real cash. In 2013, he co-founded CoinOutlet — a Bitcoin ATM provider — which issued their first Bitcoin ATM in less than a year. Now, ChainBytes, the company Eric Grill founded and headed, offers various solution for cryptocyrrencies and blockchain technology.