the Lux Vending has been in place since the beginning of the year 30 Bitcoin ATMs in Chicago. Thus, three suppliers will now compete for the favor of the Chicago Bitcoin community.
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31. January 2019BTC$3.433,31 -0.58%part Facebook Twitter LinkedIn xing mail
In terms of Bitcoin-adaptation seems to be the Chicago avant-garde. Not only the first Bitcoin Futures were in the metropolis to the West of the Lake Michigan tradable, Chicago seems to have in terms of Bitcoin ATMs ahead of the game. A number of providers competes to the umkämpfen market shares.
to be This fight seems to be the more recent entry into the market of the Atlanta-based company Lux Vending have been tightened. Under the name of Bitcoin Depot operators to set up since the beginning of the year 30 crypto ATMs in the city. Lux is in good company: In Chicago, there are now almost 100 pieces.
investors are allowed to Bitcoin, also sell
So Lux Vending is continuing its aggressive market penetration. Overall, the company, from Georgia, was set-up already more than 200 BTC ATMs in the United States, such as the Chicago Business Insider reported. On the Lux machines, crypto can replace friends physical dollar notes against BTC, and Vice versa. The re-sale of the crypto-assets is a clear competitive advantage. Devices in the competition often allow only the and not is not part of the sale of Bitcoin & co.
one of the market leaders in terms of Bitcoin ATMs Lux, however. Of the nearly 100 in Chicago, and its installed devices, the Chicago belong to the provider Red Leaf alone 60 pieces. Athena Bitcoin, the third in the League, has been able to take only three ATMs in the “windy city” – it is focused to a report from NewsBTC that prefer to be on the growing South American market.
Read also: Switzerland: Bitcoin at a ticket vending machine
Chicago in the case of Bitcoin entrepreneurs is so popular, is by no means a coincidence. The crypto scene is as vibrant and institutional investors can trade on the option exchanges, the CME and CBOE for quite some time, Bitcoin futures contracts.
crypto ATMs on the rise – Every day, five new
Worldwide, there are now over 4,200 crypto ATMs, and the trend is rising.
Worldwide distribution of Bitcoin ATMs
it is often said that the vending machines are a tried and tested – because low-threshold funds to the crypto-forward adaptation. However, the machines also have their disadvantages. Finally, only a fraction allows part of the equipment, the accumulated crypto-assets in Fiat currencies such as the US Dollar recovered to trade.
Also, the fees are considered to be high: How NewsBTC reported further, the operators for each transaction fees in the amount of ten to 20 percent of the transaction volume.
