Oct 5, 2021

Today, there are now over 3,500 bitcoin ATMs installed and operational around the world (CNN). Like other ATMs, Bitcoin ATMs require proper connectivity to function correctly. So how can you ensure you're choosing the best connectivity for your Bitcoin ATM? Today we'll be discussing the key factors in fast, reliable connectivity for your ATM.
If you find the concept of Bitcoin complex, you are not alone. It's often a topic of confusion for most people. Put simply, Bitcoin is a type of digital currency that uses encryptions to regulate the generation of units of currency and verify the transfer of funds (NY Times).
Before we get into choosing effective connectivity, it's important to understand how a Bitcoin ATM works. Once a customer puts money into a Bitcoin ATM, the machine dispenses a small paper QR code, which looks like a barcode. That code is then scanned to a mobile app, which boosts the customer's bitcoin balance by the deposited amount.
This type of digital transaction requires connectivity that is fast and secure. With the cost of Bitcoin continuously on the rise and the demand for more Bitcoin ATMs needing deployment, there are many factors to consider before choosing a connectivity provider.
Here are 10 factors to consider when choosing a connectivity provider:
These are all critical factors to consider before choosing a connectivity provider for your Bitcoin ATM. You'll need a company that can keep up with the rapid function of Bitcoin.
For more information on reliable connectivity providers, click here.