This is one of the most popular questions that we see from users of our Bitcoin ATM kiosks. Can I withdraw my Bitcoin into cash at a Bitcoin ATM? Can I sell Bitcoin at a Bitcoin ATM, or can I only buy Bitcoin? The simple answer is YES! You can withdraw cash from a Coinsource […]
From Gold to the Gold Standard, Part 2: The Ups and Downs of the Gold Standard
In our last installment in this series, we discussed how gold became the basis of an entire international money system. This brought us to 1900, when the U.S. officially joined the gold standard, smack-dab in the middle of what’s now known as the classical gold standard, a period of extreme economic growth between 1880 and […]
From Gold to the Gold Standard: Part 1, Currency in Early Forms
Before cryptocurrency, there was currency, which is simply a medium of exchange for goods and service. But how did currency come to be? The short answer: It evolved from bartering. As the world grew more advanced and interconnected, it needed a simpler, more portable method of exchange, which prompted the earliest forms of currency. Yet, […]
Coronavirus Serves as a Reminder: Today’s Payments System Is Broken
The coronavirus, once novel, has been the story of the year. One subplot to the pandemic horror show has been the frailties of the legacy banking system laid exposed. Several governments issued stimulus packages directly to their citizens in order to keep consumer spending up and the economy ticking over. Limitations in the banking system created bottlenecks. Technical […]
Bitcoin and Other Missed Money-Making Opportunities
Perhaps you’ve watched Bitcoin prices go up and are debating whether to buy Bitcoin–or whether to buy more Bitcoin. While you ponder, we’d like to present these missed money-making opportunities to make your decision easier…. Opportunity: Buying the Patent to the Telephone Missed by: William Orton, the 1876 president of Western Union Telegraph Western Union […]
Derek Muhney: The Business of Bitcoin ATMs (Podcast)
Derek Muhney, Director of Marketing & Strategy here at Coinsource appeared on the Anita Posch Show. They talked about the innovative business of Bitcoin ATMs. View the full episode below:
The Winners and Losers of 2020 Bitcoin Predictions
Now that it’s 2021, let’s take a look back at 2020 and poke some light fun at the winners and losers of the Bitcoin predictions for an utterly unpredictable year. As the briefest of recaps: Bitcoin started 2020 trading at $7,150 and hit an all-time high of $23,000 in December. (Check out our article on Bitcoin’s […]