BTC Holders Can Sell Their Coins At UK Cashzone ATMs

BTC holders can sell their BTC coins at 16,000 UK ATM machines after BitcoinPoint crypto company struck a deal with the ATM operator Cashzone as we find out more about in the latest bitcoin news.

BTC holders can sell their coins on 16,000 ATMs in the United Kingdom as the company BitcoinPoint negotiated a deal with the ATM operator Cashzone which is expected to speed up the mainstream adoption of BTC. Dedicated BTC ATMs are on the rise with the figure reaching 10,000 back in September this year. About 16,000 ATMs across the United Kingdom offer the holders a chance to sell their coins thanks to the new deal between the companies.

The move is expected to increase access to the benchmark cryptocurrency among mainstream consumers according to Benoit Marzouk who is the chief executive at BitcoinPoint:

 “Since registering on a crypto exchange could be a complex process for non-tech savvy people, the scarce availability of Bitcoin ATMs made accessibility of Bitcoin problematic.”

To use the Cashzone ATMs BTC facility, the users have to register with the BitcoinPoint website and to enter the amount that they would like to withdraw, enter a PIN code or a QR code. The PIN code can be entered at a CashZone ATM so no bank membership or card is required to make the transactions. Dedicated Bitcoin ATMs have seen more growth across the world as the total number of Bitcoin ATM machines reached 10,000 with worldwide installations rising by 167% year on year. what’s even more, CoinATM Radar allows users to find a Bitcoin ATM close to them. In October this year, there was a report that LibertyX who produce the BTC ATMs came across a BATM at a Tesla gigafactory.

The news came during the strong finish of the year for BTC. The cryptocurrency broke what was the all-time high before experiencing a price correction before hitting the $20,000 price point. Just over two weeks later, BTC smashed past ,000 on its way to reaching a new all-time high above ,000.
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Overall, BTC experienced a price increase of 230% since the year started at about $7000. Other major cryptocurrencies are embroiled in a regulatory battle with lawmakers in the United States making the number one cryptocurrency accessible at ATM machines that could help the coin establish itself as the mainstream option for new investors.