Plagiarism

Username: Believemee
UID: https://bitcointalk.org/index.php?action=profile;u=2852633

Post: https://bitcointalk.org/index.php?topic=5275697.0

Quote from: Believemee on Today at 10:00:20 AM

Bitcoin ATM for example is a machine that allows a person to purchase Bitcoin by using cash or debit card. Some Bitcoin ATMs offer bi-directional functionality enabling both the purchase of Bitcoin as well as the sale of Bitcoin for cash. These technology has made the use of bitcoin easier. There are numbers of challenge faced with the use of bitcoin especially in rural areas with poor network or when the individual doesnt know how to operate the internet/Cryptocurrency sites . But providing a machine were one can just walk to and buy/sell bitcoin using physical cash or bank cards would be fun and more easier for such categories. The availability of bitcoin machine in all areas will enable bitcoin users to do more transactions and attract many to key interest in the world of Cryptocurrency. I know of regions where you cant find BTC machines and its will interest you that people living in that region appreciate bitcoin so much but are limited to do more because of the lack of bitcoin facilities.

Copy and paste from https://en.wikipedia.org/wiki/Bitcoin_ATM

Quote from: https://en.wikipedia.org/wiki/Bitcoin_ATM

A Bitcoin ATM (Automated Teller Machine) is a kiosk that allows a person to purchase Bitcoin by using cash or debit card. Some Bitcoin ATMs offer bi-directional functionality enabling both the purchase of Bitcoin as well as the sale of Bitcoin for cash. In some cases, Bitcoin ATM providers require users to have an existing account to transact on the machine.

There are two main types of Bitcoin machines: unidirectional (one-way) and bidirectional (two-way). Only about 30% of all crypto ATMs worldwide are bidirectional,[1] and less than 23% in the U.S.[2] Both types are connected to the Internet, allowing for cash purchase and/or sale of Bitcoin. Some machines use a paper receipt and others move money to a public key on the blockchain. Bitcoin cash kiosks look like traditional ATMs, but do not connect to a bank account and instead connect the user directly to a Bitcoin wallet or exchange. While some Bitcoin ATMs are traditional ATMs with revamped software, they do not require a bank account or debit card. According to an advisory issued by the Consumer Financial Protection Bureau, "they may also charge high transaction fees media reports describe transaction fees as high as 7% and exchange rates $50 over rates you could get elsewhere".[3]