As a Bitbox ATM franchisee, buyers deposit cash into your machine then scan the code provided, and cryptocurrency (crypto) is immediately uploaded into their virtual wallet. The user now fully owns and controls the cryptocurrency. And now, all Bitbox ATM machines have been upgraded to offer two-way functionality, so buyers can also sell their cryptocurrency in exchange for cash. By Cindy Charette
As a Bitbox ATM franchisee, buyers deposit cash into your machine then scan the code provided, and cryptocurrency (crypto) is immediately uploaded into their virtual wallet. The user now fully owns and controls the cryptocurrency. And now, all Bitbox ATM machines have been upgraded to offer two-way functionality, so buyers can also sell their cryptocurrency in exchange for cash. According to Joel Carlsen, Bitbox ATM’s National Sales Director, most transactions have historically been only one way – putting in cash and taking out crypto – but trackers of this information have been seeing a significant uptick in the two-way functionality, where people are also selling their crypto and taking cash out. To meet this increased demand, all Bitbox ATMs have been upgraded to facilitate both types of transactions. Additionally, the ATMs, already designed to be robust and secure, are made by the top manufacturer of bitcoin/crypto ATM machines worldwide. Currently, the manufacturers are close to adding the capability of accepting credit cards, debit cards and checks in the near future.
Bitbox ATMs guarantee 100% deliverability to buyers, and have grown from offering four cryptocurrencies to over 40 crypto options. Bitbox ATM also works with the well-known Brinks armored car cash pickup services as well as the leading bitcoin/crypto-friendly bank in the U.S. Additionally, Bitbox ATM is registered with the U.S. Treasury through Fincen.gov to ensure 100% compliance.
Bitbox ATM also now offers a new third-party financing option, allowing potential franchisees to get instant financing offers from financial institutions, without negatively impacting their credit. When a large financing company affiliated with multi-million-dollar corporations approached Bitbox ATM with this incredibly helpful offer for franchise prospects, Bitbox was onboard. Once the prospect speaks with Carlsen for a complete understanding of the industry and the franchise, Carlsen then emails the necessary next steps and information, including the link to the portal to apply. The terms typically require no down payment or additional documentation beyond credit and stated income. The prospect will then receive multiple offers from different firms to review and decide if they want to take advantage of those financing options. After submitting the application and getting approval, the funds are received by the future franchisee within three days.
With Bitbox ATM, the franchise and its affiliates have used their industry experience and in-depth knowledge of Bitcoin to build a software platform that makes it easy to own and operate a Bitcoin ATM. The team at Bitbox will identify and negotiate with locations they believe will have the highest usage rates of the machines and will present these choices of locations to the franchisee. Because the Bitbox business model is a true, fully managed operation, the machines do not need to be in your hometown but can be placed anywhere the brand operates across the U.S.. In fact, 95% of Bitbox’s partners operate in locations away from home. The franchise owner simply logs into the Bitbox portal platform to monitor the performance of their machines anytime they like.
Bitbox ATM has upgraded not only its machines and capabilities but also its financials, along with enhancing images, marketing and promotional materials. These changes all came about when a franchisee and already highly successful entrepreneur, joined Bitbox two years ago. He invested in 25 machines and became so successful he ended up buying the brand in 2021, placing Bitbox ATM at the forefront of the industry.
Cindy Charette