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 wondered about Bitcoin or cryptocurrencies in general, a few queries probably pop up repeatedly: Why are so many Essex 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 reasonable. The average person is knowledgeable of next to nothing about electronic cash, money that exists in the virtual realm. Bitcoin increases in value because its supply will never be more than 21 million Bitcoin (it’s in the protocol). As demand rises, adoption grows, investors continue to invest in and hold Bitcoin and - because its supply is limited - it just makes sense that its value continues to rise, and grow, and grow.


Of the thousands of cryptocurrencies, Bitcoin (also known as the “King of Cryptocurrencies”) is the most common and widely held. Demand has gone up to a level that more than 4,000 local Bitcoin ATMs can be found in the U.S. If you’re in Essex County, it is easy to find a close cheap, 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 consumers who have minimal access to bank accounts (“underbanked”) to be a part of the Bitcoin arena. When you convert cash to Bitcoin, you enter a financial world where you are in complete control. Bitcoin is not controlled by any government decrees, nor strictures of Essex 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 deletes intermediaries such as banks and other financial gatekeepers.


The volume of businesses and organizations welcoming Bitcoin grows unchecked. 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 list as well.


Anyone can acquire and use Bitcoin. Given that 25 percent of Essex County and U.S. households are unbanked or underbanked, its allure to those who don’t use banks – whether by choice or other reason – is natural. Bitcoin security is unparalleled, safeguarded by a worldwide network of complex computers employing) blockchain technology. 


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


Transactions using Bitcoin are instantaneous. There’s no paperwork. The virtual cash is kept in an online “crypto wallet,” inaccessible 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 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 Essex County.


You can feel safe doing so too! Essex County COINSOURCE Bitcoin ATMs have one of the highest levels of compliance and security in the market, backed by more than 30 money transmitter licenses.  COINSOURCE is one of the most trustworthy Bitcoin ATM companies across the globe. It is also one of the few 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 catering to 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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