Just Cash developed a software to retrofit ATMs to sell cryptocurrencies via a customer’s debit card without having to upgrade the machine’s hardware.
There are approximately 250,000 non-bank ATMs that can potentially be upgraded with this feature. By partnering with two of the three major producers of non-bank automated teller machines – Nautilus Hyosung, Triton, and Genmega, though he was unable to disclose which ones – Diamond said Coinsquare expects to integrate with approximately 170 thousand machines across nearly all 50 states.
“We will outnumber the total number bitcoin ATMs within a year,” Diamond said.
Users will be able to buy and transact with bitcoin, bitcoin cash, ether, dash, litecoin, stellar, ripple, doge, among others directly through their bank accounts.
The machine will then offer a printed receipt that shows the user’s private and public keys, “effectively your paper wallet,” Diamond said.
There are approximately 250,000 non-bank ATMs that can potentially be upgraded with this feature. By partnering with two of the three major producers of non-bank automated teller machines – Nautilus Hyosung, Triton, and Genmega, though he was unable to disclose which ones – Diamond said Coinsquare expects to integrate with approximately 170 thousand machines across nearly all 50 states.
“We will outnumber the total number bitcoin ATMs within a year,” Diamond said.
Users will be able to buy and transact with bitcoin, bitcoin cash, ether, dash, litecoin, stellar, ripple, doge, among others directly through their bank accounts.
The machine will then offer a printed receipt that shows the user’s private and public keys, “effectively your paper wallet,” Diamond said.
