An atm or an automated teller machine is an electronic device that allows a user to perform cash withdrawals and deposits without the need for employee assistance. Atms have become a common convenience and electronic necessity in everyday life since their introduction in the 1980s. They are extremely profitable and don’t need significant investments. Their idea is very simple: to charge people a commission for providing easy access to their cash.
Vending machines are automated self-service machines that dispense items such as snacks, beverages and cigarettes. Even the atm vending machine business selling items made of pure gold exists. The first gold-plated vending machine, located in the lobby of the Emirates Palace hotel in Abu Dhabi, dispenses 320 items made of gold, including 10-gram gold bars and customized gold coins.
Explore Bitcoin atm industry
There’s a great deal of excitement around the Bitcoin business. Bitcoin atm gives a really great opportunity to create for itself the sources of almost passive additional earnings with an atm business. But despite all the hype around Bitcoin atms and tremendous growth of cryptocurrencies rates and profitability of the atm machine business you must remember the following key principles of the successful bitcoin terminals business:
- AML/KYC compliance. Make a research in your region and do not miss a single detail.
- Location. Customers will not arise out of nowhere. Choose the right place for a bitcoin atm installation based on its popularity among people and foot traffic.
- Reliable bitcoin atm manufacturer. On the wave of increased demand, untrustworthy suppliers and fraudulent schemes appear. This is a classic situation when it comes to something popular. Therefore, carefully study the vendors you like, customer support they offer and the feedback about them from other clients.
Bitcoin atm manufacturer
If you decide to enter the atm vending business industry, we recommend you to pay attention to one of the largest manufacturers of bitcoins atms and developers of own software in the US - COVAULT. This company has recommended itself for a year of work as a reliable and responsible supplier, able to find an individual approach to each client and propose solutions in the most unusual situations. COVAULT always forges ahead and regularly participates in international exhibitions and conferences. You can become familiar with all the products of COVAULT at this link https://covaultbtm.com/bitcoin-atm-sale, as well as leave your request and discuss all your questions regarding your atm business with a sales manager.