Banking the Unbanked & Underbanked

Why is Bitcoin Increasing in Value So Much … and Where Can I Find a Local Bitcoin ATM?

Find a Local Bitcoin ATM

 

If you’ve ever thought about Bitcoin or cryptocurrencies in general, a few questions probably come to mind over and over: Why are so many Champaign County people using Bitcoin? What does it mean to be banking the unbanked or underbanked? And, why is Bitcoin increasing in value so much? 

Bitcoin Increasing in Value

These questions are no surprise. The everyday person knows next to nothing about electronic cash, currency that exists in the virtual world. Bitcoin increases in value because its supply will never be more than 21 million Bitcoin (it’s in the protocol). As demand grows, adoption increases, investors continue to invest in and hold Bitcoin and - because available supply is contained - it just makes sense that the value continues to grow, and rise, and rise.

 

Of the thousands of cryptocurrencies, Bitcoin (also known as the “King of Cryptocurrencies”) is the most popular and widely kept in portfolios. Demand has grown so much that more than 4,000 local Bitcoin ATMs are maintained in the U.S. If you’re in Champaign County, it is easy to find a close lowest-fee, 24-hour customer-service Bitcoin ATM. 

Banking the Unbanked & Underbanked with BitcoinBitcoin for the Underbanked & Unbanked

These local Bitcoin ATM machines allow those globally who don’t have bank accounts (“unbanked”), and those who have little access to bank accounts (“underbanked”) to be a part of the Bitcoin ecosystem. When you convert money to Bitcoin, you enter a financial world where you are in absolute control. Bitcoin is not governed by any government regulations, nor policies of Champaign County third-party financial institutions. It’s a decentralized, global currency used for transactions directly between two parties, with neither knowing whom the other is.  It gets rid of intermediaries such as banks and other financial gatekeepers.

 

The quantity of businesses and organizations taking Bitcoin grows non-stop. Household labels such as Microsoft, Best Buy and Dish Network are on the roll. Amazon, Barnes & Noble, Home Depot, AT&T, Expedia, Subway, PayPal, Overstock and Shopify are on the listing as well.

 

Anyone can purchase and use Bitcoin. Given that 25 percent of Champaign County and U.S. households are unbanked or underbanked, its attraction to those who don’t use banks – whether by choice or other reason – is no mystery. Bitcoin security is like no other, safeguarded by a global network of complex computers employing) blockchain technology. 

 

Champaign County Bitcoin ATM machines can and do significantly {assist the unbanked and underbanked. They can access Bitcoin using cash, with no need for a bank account. The unbanked and underbanked can shop with Bitcoin, send it across the globe to family and friends, or just retain Bitcoin for investment purposes. All can be done with no connection to conventional banks.

 

Transactions using Bitcoin are completed instantly. There’s no paperwork. The virtual cash is kept in an online “crypto wallet,” impenetrable to all but those who know its private “key.” 

Our Bitcoin ATMs are Safe & Secure

In short, Bitcoin is for those who want a safe, undisclosed option to traditional currency. Bitcoin is also for those who want to hold (“hodl” in the crypto world) it for a long-term investment. Visit a cheap local Bitcoin ATM near Champaign County.

 

You can feel secure doing so too! Champaign County COINSOURCE Bitcoin ATMs have one of the highest levels of compliance and security in the industry, backed by more than 30 money transmitter licenses.  COINSOURCE is one of the most trusted Bitcoin ATM companies in the world. It is also one of the select Bitcoin ATM operators to have a New York Bit-License.  With a 24-hour support system and Bitcoin ATMs in over 35 states (and more popping up every day), COINSOURCE is a leader in aiding the unbanked and underbanked.

 

You’ll likely have additional questions … and that’s understandable. But the answer to the recurring one, “Why is the price of Bitcoin rising? And, “Why are the unbanked and underbanked using Bitcoin?” – will both likely be answered in short order.

 

 

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