WORLD'S LARGEST ATM MANUFACTURERS ANNOUNCED SUPPORT FOR BITCOIN

Buy bitcoins is becoming easier - traders of all varieties are implementing crypto currency support, according to news.bitcoin.com. Just a few days ago Square announced that they would add the opportunity to purchase BTC using their application. Now the company has entered the game Hyosung, promising support Bitcoin. Soon, ATM users of the company will be able to buy Bitcoin by clicking on a few buttons.

BITCOIN ON REQUEST

In Hyosung announced the support of bitcoin-transactions with the help of Just Cash . When activated, the ATM will work much like a normal transaction. The digital currency will be sent to the recipient's purse after scanning the QR code. So far, only Bitcoin is planned to be added, but in due course, other crypto-currencies may appear.

Hyosung is one of the largest industrial companies in South Korea with 25,000 employees and an income of $ 17 billion for the year 2015. The production of ATMs is only a small part of the operations.

TODAY KOREA, TOMORROW THE WHOLE WORLD

Many have already become accustomed to the fact that in South Korea they like everything connected with bitcoins. However, the affairs of Hyosung are not limited to their native lands. The company operates around the world - so, in the United States alone there is a large number of their ATMs. With banks, partnership is not, so ATMs can be found in night shops and gas stations.

ADVANTAGES OF ATMS

In the announcement of Bitcoin integration into its ATMs Hyosung advertised a number of advantages that should play into the hands of traders. There is a simple implementation, no need for hardware, a new flow of profit and the ability to attract both new and repeat customers.

All this will take place in the form of software updates, so compatibility should not cause any problems. It is characteristic that users seem to have the opportunity to exchange cash for cash, although it is not yet clear how this will work.

It is also unclear what the commission and the exchange rate will be for the purchase of bitcoins in the updated Hyosung ATMs. Usually this method is more expensive if compared with other methods of buying crypto currency (for example, on the exchange).

On the other hand, many people will find bitcoin-ATMs almost ideal solutions because of the typical problems with procedures know-your-customer (translate from English "know your customer").