Q: Why lease a Bitcoin ATM and not buy?
A: There are many reasons a business may choose to lease rather than purchase. Here are just a few:
1) Operational Expense vs. Capital Expense: By leasing equipment a company can take advantage of the payments of a lease as a business expense for taxation purposes, rather than as a capital purchase.
2) Risk Management: In recent news we have seen increased regulation (NYC Bit License), bans (Ecuador), and the inability to secure bank accounts (New Zealand). In the event a BTM Operator is no longer able to operate their BTM, they can break the lease for small fee and Ignite Financing will find a new home for the machine, rather than the Operator needing to sell a used unit on the international market.
3) Upgraded Equipment: Leases afford Operators an easy upgrade path, allowing Operators access to the latest and greatest equipment on the market. We are easily able to relocated used machines to other areas, allowing further BTM proliferation.
4) Lower cost of entry: An Operator can expend far less capital to start or expand their existing business. This lower cost of entry allows the Operator to deploy more locations, better capitalize their operations, better liquidity, larger marketing budgets, and more.
*Other benefits can be: testing business models, cash flow optimization (directly matching expenses to revenue), preservation of credit lines, expense consolidation, and access to Ignite Financings further product and service lines.
Q: I am interested in leasing a Bitcoin ATM, what should I do?
A: Please e-mail
terry@ignitefinancing.com and we can discuss your needs and see if leasing is the best option for your specific goals, and how Ignite Financing can empower your business. We have flexible lease terms on par with other technology related business leases, and a full suite of services to help you operate and grow your business successfully. Even if you already have Bitcoin ATMs deployed, we are currently investigating methods of moving existing machines onto leases through a cash buy-out and lease-back program. We would love to hear from you.
Q: How does Ignite Financing use Bitcoin?
A: We raise funds in Bitcoin, the vast majority of our supply chain uses Bitcoin, we invoice in Bitcoin, we pay dividends in Bitcoin, and we hold our profit in Bitcoin. We only convert Bitcoin to Fiat when absolutely necessary.