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Netcoins Opens 21,000 Virtual Cryptocurrency ATMs Worldwide

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This post was last updated on November 7th, 2019 at 02:27 am

Cryptocurrency mass adoption continues to gain traction in countries around the world. Virtual ATM software company Netcoins just added Bitcoin Cash and EOS for immediate purchase at over 21,000 retail locations worldwide.

Bitcoin Cash and EOS Make Strides in Adoption

Netcoins has listed Bitcoin Cash and EOS on its virtual ATMs in over 21,000 retail locations across Canada, Australia and Europe, according to a blog post.

Founded in 2015, Netcoins is an over-the-counter (OTC) brokerage and software developer on a mission to make cryptocurrency sales more accessible to consumers.

The virtual ATMs operate through a mobile application that can be accessed via smartphone or tablet, eliminating machine costs and space requirements for in-store locations. Mark Binns, CEO at Netcoins, said:

“Merchants from all over the world can sign up for the Netcoins service and be provided with a platform that allows them to have a Bitcoin ATM without having to buy a machine. The application can work on a smartphone or tablet allowing merchants to offer the sale of Bitcoin without the substantial costs involved with the purchase of a device or the physical space needed within the store.”

Netcoins’ ATMs currently offer seven leading cryptocurrencies including Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Ripple (XRP), Bitcoin Cash (BCH), EOS and Stellar (XLM).

“Adding EOS completes our listing of the top seven market cap coins on Netcoins. This gives us one of the most robust coin offerings in Canada, and with EOS complete, we anticipate a steady supply of paid altcoin listings to follow.”

The platform also lists other digital assets–including Peerplays (PPY), DecentBet (DBET) and Elastos (ELA).

Cryptocurrency Mass Adoption Proliferates

Related: Revolut’s Metal Debit Card Lets Users Earn Cashback in Crypto

In addition to cryptocurrency ATMs, the growing prevalence of crypto-based debit cards is taking hold. Launched Aug. 22, U.K.-based Revolut released its new Revolut Metal debit card that gives customers cashback in cryptocurrency. The card also enables users to exchange and transfer different currencies.

Customers who purchase a subscription to Revolut Metal will be able to earn 1 percent cashback in either fiat or cryptocurrency from purchases made outside of Europe.

Currently, the platform supports five major cryptocurrencies: BTC, ETH, LTC, BCH and XRP.

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Posted In: , Adoption, Technology
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