According to Joel Carlsen, national sales director of Bitbox ATM, “Blockchain, which is the underlying technology behind bitcoin and cryptocurrencies, is now the fastest growing adopted technology in the history of the world – faster than mobile phones and faster than the internet.” By Cindy Charette
According to Joel Carlsen, national sales director of Bitbox ATM, “Blockchain, which is the underlying technology behind bitcoin and cryptocurrencies, is now the fastest growing adopted technology in the history of the world – faster than mobile phones and faster than the internet.”
Carlsen explained that there is $7 trillion on the sidelines from retail investors, pension funds and corporate funds waiting to dive into cryptocurrencies. “We are at a tipping point where we are about to transition away from a traditional cash monetary system and into a digital currency monetary system, with Bitcoin being the worldwide leader. Also, what’s on the very close horizon is a blockchain-based digital U.S. dollar,” he said.
That’s right, cryptocurrency’s worldwide growth has gotten the attention of the U.S. government, and, according to CNN Business, there is potential for a digital U.S. dollar based on Blockchain in the not-too-distant future. There are also other signs of mass adoption, which will occur when people start using cryptocurrency daily.
For example, Carlsen shared that BlackRock, the world’s largest asset manager with $10 trillion under management, recently formed a partnership with Coinbase, one of the largest cryptocurrency exchanges, allowing large institutional clients the opportunity to invest in cryptocurrencies. Cryptocurrency is gaining traction, according to Bitcoin Magazine, with Republican lawmakers recently drafting a bill, the Retirement Savings Modernization Act, which would enable investment managers to offer bitcoin and cryptocurrencies in 401(k) plans. Google’s partnership with Coinbase further encourages the use of cryptocurrency payments, allowing corporations to pay and use crypto for cloud services. According to Carlsen, Walmart and Amazon are rumored to be close behind in a similar partnership.
Major financial institutions and corporations are setting up payment systems to be able to accept cryptocurrency as payment because they see what’s coming next: the natural evolution of money through technology. “These are all pieces of the big puzzle – all of the fundamental things that need to be put in place before they can flip the switch on mass adoption. These huge powerful financial entities, corporations and lawmakers could focus on whatever they wanted, yet they all are positioning to get ready for massive usage of cryptocurrencies. Their conclusion must be that mass adoption is inevitable and right around the corner,” Carlsen said.
Here is where Bitbox, the world’s only fully managed bitcoin/cryptocurrency ATM program, comes into play. While there are many traditional cash ATMs in the U.S., there are far fewer bitcoin/cryptocurrency ATMs in a wide-open market.
Bitbox ATM provides the most cutting-edge machines with upgraded hardware and software, enhancing the user experience. While there is a legal and compliance process that must be completed by Bitbox ATM franchisees, their machines support most, if not all, of the cryptocurrencies available on Coinbase.
The best news of all? You do not need to be an expert in bitcoin or cryptocurrency to become a franchisee of Bitbox ATM since they manage everything for you.
Cindy Charette