Bitcoin Cashout Across 30,000+ ATMs in the US

Hey There, Crypto Champs!

Discover how NCR Atleos is revolutionizing crypto by enabling Bitcoin cashouts at over 30,000 ATMs across the U.S. Say goodbye to complex conversions—Lets dive in!

Expanding the Reach of Bitcoin ATMs

• As of August 2024, there are currently 38,728 crypto ATMs worldwide, providing 235,687 services across 69 countries.

• The United States leads with 32,179 Bitcoin ATM locations, highlighting the growing accessibility of cryptocurrency.

Understanding Bitcoin ATMs

• A Bitcoin ATM is an internet-connected kiosk that allows customers to purchase or sell bitcoins and other cryptocurrencies using cash.

• Unlike traditional ATMs, Bitcoin ATMs facilitate blockchain-based transactions, sending cryptocurrencies directly to the user’s digital wallet, often through a QR code scan.

How Bitcoin ATMs Work

• To cash out, users can exchange their digital assets for traditional fiat currency, like US dollars.

• The process typically involves verifying your identity, selecting the "Withdraw Cash" option, and scanning a QR code from your
  Bitcoin wallet.

• After the transaction is confirmed, users can collect their cash from the ATM.

Limits and Security Measures

• Bitcoin ATMs have limits on the amount of cash that can be withdrawn, usually ranging from $5,000 to $10,000, to prevent money laundering.

• Some users may need to make multiple transactions to reach the maximum withdrawal limit.

NCR Atleos Enhances Bitcoin Cashout

• Recently, NCR Atleos Corporation introduced a new feature allowing Bitcoin users to cash out at over 30,000 ATMs across the United States.

• This service is available at thousands of merchant locations, making it convenient for users to convert Bitcoin to cash.

How the NCR Atleos Bitcoin Cashout Works

• The new feature is powered by Atleos' ReadyCode API suite, which uses a one-time use code system for secure cash-in and cash-out transactions.

• Enrolled LibertyX users can stage a transaction via the LibertyX app and withdraw cash from any ReadyCode-enabled ATM.

Bridging Digital and Physical Transactions

• Stuart Mackinnon, COO of Atleos, highlighted how this service enhances the value of LibertyX by offering an offramp for users to convert digital assets into physical cash.

• Mackinnon also noted that this feature is expected to drive more foot traffic to participating merchants and boost ATM productivity.

Addressing Bitcoin Adoption Challenges

• Chris Yim, General Manager of LibertyX, emphasized that one of the biggest challenges for Bitcoin users has been the complexity of converting Bitcoin to cash quickly and easily.

• The LibertyX Bitcoin Cashout feature addresses this by allowing users to pre-stage transactions on their phones and pick up cash at their convenience.

A New Era in Financial Self-Service

• With the launch of this feature, NCR Atleos is making significant strides in making financial transactions more accessible and efficient.

• This development marks a milestone in the ongoing evolution of financial self-service, bridging the gap between digital assets and physical currency.

With NCR Atleos leading the way, Bitcoin cashouts at 30,000+ ATMs are transforming crypto transactions. This innovation simplifies access to cash, highlighting Bitcoin’s growing role in everyday finance.