If you’ve ever pondered about Bitcoin or cryptocurrencies in general, a few questions probably appear repeatedly: Why are so many Macon County people using Bitcoin? What does it mean to be banking the unbanked or underbanked? And, why is Bitcoin growing in value so much?
These questions are justifiable. The everyday person is knowledgeable of next to nothing about electronic cash, money that exists in the virtual realm. Bitcoin increases in value because its supply can never be beyond 21 million Bitcoin (it’s in the protocol). As demand rises, adoption goes up, investors continue to invest in and hold Bitcoin and - because its supply is constrained - it just makes sense that its value continues to rise, and grow, and rise.
Of the thousands of cryptocurrencies, Bitcoin (also known as the “King of Cryptocurrencies”) is the most popular and widely held. Demand has expanded to a level that more than 4,000 local Bitcoin ATMs are available in the U.S. If you’re in Macon County, it is easy to find a nearby low-fee, 24-hour customer-service Bitcoin ATM.
These local Bitcoin ATM machines allow consumers globally who don’t have bank accounts (“unbanked”), and people who have minimal access to bank accounts (“underbanked”) to join in the Bitcoin arena. When you change cash to Bitcoin, you enter a financial reality where you are in total control. Bitcoin is not governed by any government regulations, nor rules of Macon County third-party financial institutions. It’s a decentralized, worldwide currency used for transactions directly between two parties, with neither knowing whom the other is. It deletes middlemen such as banks and other financial gatekeepers.
The quantity of businesses and organizations taking Bitcoin grows steadily. Household brands such as Microsoft, Best Buy and Dish Network are on the roster. Amazon, Barnes & Noble, Home Depot, AT&T, Expedia, Subway, PayPal, Overstock and Shopify are on the lineup as well.
Anyone can purchase and use Bitcoin. Given that 25 percent of Macon 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 reasonable. Bitcoin security is unmatched, safeguarded by a global network of complex computers aid the unbanked and underbanked. They can buy Bitcoin using cash, with no necessity for a bank account. The unbanked and underbanked can shop with Bitcoin, send it around the world to family and friends, or just retain Bitcoin for investment purposes. All can be accomplished with no link to traditional 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.”
In short, Bitcoin is for those who want a safe, private alternative to conventional currency. Bitcoin is also for those who want to safeguard (“hodl” in the crypto world) it for a long-term investment. Visit a cheap local Bitcoin ATM near Macon County.
You can feel secure doing so too! Macon County COINSOURCE Bitcoin ATMs have one of the highest levels of compliance and security in the business, 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 only 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 beginning operation every day), COINSOURCE is a leader in serving the unbanked and underbanked.
You’ll probably have further questions … and that’s to be expected. 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.