Cryptocurrencies are no longer a niche, but another investment asset

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The statement that bitcoin is worthless, the magic money of the internet can be put to rest these days. Investments in cryptocurrencies are no longer a whim of a handful of internet geeks, but increasingly used assets by experienced market players and financial institutions. Tesla, Square, PayPal or Microstrategy are just some of the major global companies that have invested their own funds in Bitcoin and other cryptocurrencies in recent years.

However, the popularity of cryptocurrencies is not only evidenced by subsequent price records and institutional purchases. To see their growing importance, it is often enough to look around in one’s immediate vicinity. We may be able to find a Bitomat or cryptocurrency exchange point just around the corner. There are more and more such devices and points from month to month.

Cryptocurrency exchange

For people who are new to the world of virtual currencies, exchange offices are an ideal place for their first experiences. This is for several reasons. First of all, we have contacts with people who know what it is. Thus, before the transaction, we can dispel all our doubts about the world we are entering. Second, the simplicity of the transaction. Cryptocurrency exchange offices work on the same principle as traditional offices. The difference is that instead of euros or dollars we can buy or sell Bitcoin or another cryptocurrency that interests us. We want to buy Bitcoin? Nothing easier. Let’s prepare our cryptocurrency wallet address and money, and after a few minutes the funds are in our account. We want to sell Bitcoin? We transfer funds to the wallet address of the exchange office and after a while the money is waiting for us to be collected. It’s simple, isn’t it?

One of the networks of exchange offices operating in Poland is the company FlyingAtom. Its branches are in 12 cities across the country. The FlyingAtom cryptocurrency exchange has been offering its services since 2015, and its exchange offering includes most of the coins available on the market.

bitomat

If we already have some understanding of how the exchange of funds works, then instead of using fixed exchange offices, we can use the Bitomat. Bitomats are special devices, often resembling ATMs, used to buy and sell cryptocurrencies. The principle of exchange in the device is the same as in the case of exchange at the exchange office. In Bitomats, however, we have a very limited selection of cryptocurrencies that we can trade. Most often, this choice is limited to the few most popular. Bitomats are springing up like mushrooms all over the world. Currently, we can use nearly 38,000 of these devices in 77 countries. The vast majority of them are located in the United States. Poland is at the forefront in terms of the number of such devices. In our country, no less than 42 Bitomats have been placed by FlyingAtom. This makes the company the 7th operator of this type of equipment in Europe.

Largest European Bitomat Operators

FlyingAtom bitomats are present in 24 cities, most often located in shopping malls. We can trade Bitcoin, Ethereum and USDT and USDC stablecoins there. Stablecoins are cryptocurrencies whose rate is constantly tied to the value of the dollar – 1 USD / USDC = 1 USD.

Cryptocurrencies are no longer a niche, and the next investment assets - 2

Bitomat – cryptocurrency exchange device

The future is now

Like it or not, the world is constantly changing. As you can see, it also does not bypass banking and financial systems. Things that a dozen or more decades ago seemed fantastic to many are the basis of how we operate today. Today, more and more signs indicate that cryptocurrencies will be part of our lives. So let’s look at the technologies and ideas on which the new financial system can now be based.

Source of information: FlyingAtom

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