On the surface, mining for gold and mining for cryptocurrency have little in common. One involves hard labor to unearth raw gold from a rugged landscape. The other relies on a computer (most likely indoors and in an air-conditioned room) to verify cryptocurrency transactions and, in turn, receive an award in crypto tokens, the only […]
What You Can Buy With Bitcoin
Cryptocurrency may be the new money system on the block, but it already has some cool-kid connections in the businesses below that accept it. Some operations accept cryptocurrency themselves; others use a third-party service, like Bitpay, so they don’t have to deal with exchange rates. Either way, cryptocurrency can buy you a vast array of […]
What Experts Say About Bitcoin
If you asked people on the street their thoughts on Bitcoin, you’d probably get a host of different answers–and even more blank stares. But what if you asked economic experts about Bitcoin? Then you’d receive knowledgeable opinions you could actually put to use. So here you go, seven quotes on why you should be bullish […]
Should Your Business Host a Bitcoin ATM?
Side hustles are all the rage, and Bitcoin ATMs can be an especially lucrative one. If you’ve wondered if the Bitcoin business is for you, here are some points to consider. If you already own a business, Bitcoin ATMs bring in customers. And they do this in multiple ways. If you host a Bitcoin ATM, […]
Converting Cash Into Crypto and the Rise of Bitcoin ATMs
You have choices when it comes to buying and selling cryptocurrency. Online cryptocurrency exchanges are popular, where you can use a credit card, debit card or bank transfer. Another option is peer-to-peer (P2P) exchange networks, which involves a more labor-intensive process with lists of Bitcoin buyers and sellers–think of it as Craigslist for Bitcoin. However, […]
The Pandemic and the Future of Cryptocurrency
Bitcoin’s Worth in the Age of Coronavirus On January 1, 2020 (i.e., pre-pandemic), one bitcoin was worth $7,174. On January 31–when the United States declared a public health emergency in response to the spread of COVID-19–a bitcoin clocked in at $9,388. As of writing this, it’s over $11,100. (10/29/2020 UPDATE: Now at $13,400) The United […]
How to Explain Bitcoin to Your Parents
What do oxygen, gravity and Bitcoin have in common? You can’t see them, but they exist. On the other hand, water, airplanes and quarters are visible, so you KNOW they exist, making them far easier to both explain and understand. So how do you describe something you can’t see, much less hold in your hand? […]
Coinsource Launches Platform as a Service Offering, Doubles Machine Count in Under 60 Days
Company now offers access to licensed machines, compliance department, customer support, armored car services and more Fort Worth, TX – February 11, 2020 – Coinsource, the world’s leader in Bitcoin ATMs today announces that it has doubled its machine deployment in less than 60 days through the rollout of a new Platform as a Service […]