For SMEs, providing extra services such as a bitcoin ATM for customers can be beneficial in many ways. Just think of a bitcoin ATM like a regular cash ATM that you would find at grocery stores or gas stations. A bitcoin ATM is another step that cryptocurrency needs in order to move closer to users and potential investors. Bitcoin is projected to become even more popular in the near future as more big companies and retailers are accepting it as a form of payment.
Many experts believe that in the near future, it will become more than necessary for businesses to accept cryptocurrency for payment. And we are gradually moving towards that era, but there are still several hurdles that need to be crossed. Bitcoin ATM is growing in popularity in major cities across the world, and businesses are recording better profit since they began operating them. In this article, we will be discussing why bitcoin ATM might be perfect for your SME.
The major reason why your SME might benefit from bitcoin ATM is additional revenue. You could see it as one of the services that your SME offers. It can offer you a better opportunity to make more money.
You will also be drawing a lot of attention to your SME because customers like to associate with businesses that are progressive in nature. It is just like walking into a store that allows you to make cardless transactions. Not only that, it is convenient for both you and your customer’s transaction fee-wise.
Bitcoin transactions fees and commissions are quite low, which means more money in your pocket, unlike credit or debit card transactions which charge a higher fee.
Another reason why a bitcoin ATM might be perfect is that tech and cryptocurrency savvy people within the community will provide you with all the marketing you need. Social media is where people go to share what they are up to. So it might be great for your SME if your customers talk about your store on social media simply because you operate a bitcoin ATM. This can increase foot traffic to your store and generate more revenue.
Bitcoin transactions are generally really fast, so you do not have to wait forever before receiving your money. So, imagine how beneficial operating a bitcoin ATM can be – since customers can convert their cash to bitcoin in a very short time.
If your SME is located in the UK, and bitcoin ATM sounds like something that you think will make a perfect addition to your SME, then you should check out SatoshiPoint bitcoin ATM. They currently have more than 32 bitcoin ATMs located across the UK, and they currently accept 52 cryptocurrencies. So, if there is a particular company that you want to check out for your bitcoin ATMs, make sure they provide the service that you need.