Money-Spinners: Bitcoin ATMs Make Firsts from California to Congress

 (@southtopia) | Published on April 4, 2014 at 19:54 BST | Bitcoin ATMNews

Take out your smartphones and get those palms warmed up for a scanning, because it’s time for CoinDesk’s weekly bitcoin ATM roundup.

In the world of bitcoin ATMs, there are more first prizes than a kindergarten sports day, as installers claim blue ribbons such as first bitcoin ATM in their region, first two-way bitcoin ATM, first bitcoin ATM open to the public, first permanent unit and so on.

Nonetheless, all bitcoin ATM news is good news, as it can be argued that it …

Why accept Bitcoin?

Are credit card companies cutting into your bottom line? Bitcoin is a better, less expensive way to accept payments. This means it can help save your business money.

Credit cards were designed in the 1950’s. Bitcoin is made for the Internet age! Bitcoin is a new payment option intended to offer even more flexibility for customers. Bitcoin is quickly becoming the favored form of payment for online stores as well as brick-and-mortar businesses because payments are fast, easy, and more secure. Bitcoin payments can be made easily from anywhere in the world, and offer reduced payment processing costs because payments don’t require a 3rd party. Plus, there are no chargebacks with Bitcoin, putting you back in control of your money. Be your own bank with Bitcoin!

Bitcoins are held in digital wallets, typically in an app on your phone, which uses QR code scanners to transfer bitcoin as quickly and easily as sending an email. With everything going digital, why not accept the world’s best known digital currency that travels with you on your mobile phone?

What is Bitcoin?

Bitcoin is an open source peer-to-peer first electronic money and payment network introduced in 2009 by pseudonymous developer “Satoshi Nakamoto”.

Bitcoin is transferred via the Internet directly from person to person, like a digital form of cash, so there is no need for banks or 3rd parties to handle transactions. Watch this short video for a quick overview.

Bitcoin uses peer-to-peer technology to operate with no central authority, banks, or center point of failure. The managing of transactions and the issuing of Bitcoins is carried out collectively by a world-wide network of users that operates constantly 24/7/365 days a year.

About Tech Fiat

Tech Fiat provides marketing and investment advice to individuals and companies interested in or involved with cryptocurrencies. We use the power of social media to either assist you in marketing your project or to provide advice and strategy regarding cryptocurrency investments.