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 read about Bitcoin or cryptocurrencies in general, a few uncertainties probably appear over and over: Why are so many Montgomery 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 average person understands next to nothing about electronic cash, money that exists in the virtual world. Bitcoin grows in value because its supply will never be greater than 21 million Bitcoin (it’s in the protocol). As demand grows, adoption multiples, investors continue to invest in and hold Bitcoin and - because its supply is contained - it further makes sense that its value continues to grow, and rise, and grow.

 

Of the thousands of cryptocurrencies, Bitcoin (also known as the “King of Cryptocurrencies”) is the most prevalent and widely held. Demand has expanded to a level that more than 4,000 local Bitcoin ATMs can be found in the U.S. If you’re in Montgomery County, it is easy to find a local low-fee, 24-hour customer-service Bitcoin ATM. 

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

These local Bitcoin ATM machines allow people globally who don’t have bank accounts (“unbanked”), and people who have reduced access to bank accounts (“underbanked”) to participate in the Bitcoin arena. When you convert currency to Bitcoin, you enter a financial reality where you are in total control. Bitcoin is not governed by any government regulations, nor rules of Montgomery 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 casts off middlemen such as banks and other financial gatekeepers.

 

The quantity of businesses and organizations accepting Bitcoin grows non-stop. Household labels 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 obtain and use Bitcoin. Given that 25 percent of Montgomery 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 unmatched, guarded by a globe-spanning network of complex computers employing) blockchain technology. 

 

Montgomery County Bitcoin ATM machines can and do significantly {assist the unbanked and underbanked. They can purchase 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 hold Bitcoin for investment purposes. All can be achieved with no connection to traditional banks.

 

Transactions using Bitcoin are instantaneous. There’s no paperwork. The virtual currency 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, confidential alternative 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 Montgomery County.

 

You can feel safe doing so too! Montgomery 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 globally. It is also one of the rare 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 opening every day), COINSOURCE is a leader in serving the unbanked and underbanked.

 

You’ll probably have additional 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.

 

 

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