Bitcoin (BTC) Bitcoin has been exploding with interest from i | Crypto Great | Bitcoin | DeFi

Bitcoin (BTC)

Bitcoin has been exploding with interest from institutional heavyweights since the launch of the ProShares Bitcoin Strategy ETF. At the same time, interest has also risen from the unbanked population. These millions of individuals in the U.S. can’t obtain traditional banking or choose not to be involved in traditional financial systems.

The demand to turn cash into bitcoin and vice versa, is on the rise like never before. Companies are seeing the clear demand and are rushing to satisfy customers.

Walmart announced in October that it’s partnering with Coinstar to bring 200 bitcoin ATMs to stores across the United States.

Coinstar machines are well known for exchanging physical coins for cash.

Now, not only can Walmart customers purchase bitcoin directly from the ATM, they can also deposit spare change into a CoinStar and receive bitcoin. But Walmart isn’t the only company racing to deploy bitcoin ATMs. Bitcoin ATM company Coin Cloud recently reported it’s experiencing high demand while already being available over 4,500 locations nationwide including 7-Eleven and H-E-B Supermarket.

Users can purchase bitcoin from Coin Cloud Kiosk but also sell their bitcoin and convert it to cash. Coin Cloud is one the few digital currency machines that gives physical cash for your crypto with no banking middlemen.

The company also has a 24-hour helpline for anyone that’s ready to get involved and doesn't know exactly how to start. Building the infrastructure and helping individuals get involved in this digital revolution is critical for the mass adoption of bitcoin and cryptocurrencies.

The amount of operational bitcoin ATMs in the country more than doubled in the past year and shows no signs of slowing. According to the Federal Reserve annual payment study, cash accounts for 19% of all transactions made in the United States. Meaning, millions of individuals need an onramp for their fiat, and bitcoin ATMs are the best options for the unbanked individuals with billions of dollars sitting on the sidelines waiting to rush into bitcoin.

Fueled by demand from institutional and retail investors both hungry for increased bitcoin access and exposure, we believe that bitcoin’s future is bright and its price should continue to increase as mass adoption takes hold.