At 15:00 UTC on Wednesday, the much-anticipated Zhejiang testnet for staking withdrawal went live on Ethereum’s Beacon chain. Zhejiang will enable the testing of the Ethereum Improvement Proposal (EIP) 4895 which allows for staking withdrawals. This is in preparation for the network’s next major update, the Shanghai hard fork slated to launch sometime in March. Users Can Make Simulated Withdrawals with Zhejiang In a tweet yesterday, DevOps engineer at Ethereum foundation Barnabas Busa gave details about the Zhejiang testnet slated…
What Are Crypto ATMs?
Crypto ATMs are automated teller machines that allow users to buy and sell cryptocurrencies, such as Bitcoin, using cash or a debit card. They work by connecting to a cryptocurrency exchange, where the user can then buy or sell the supported cryptocurrencies.
In addition, some crypto ATMs allow users to withdraw cash in exchange for their cryptocurrency holdings. The process of buying or selling cryptocurrencies at a crypto ATM is similar to using a traditional ATM, with the user entering their information and completing the transaction on the machine’s interface.
Popular ATM Distributors
Some popular distributors of crypto ATMs include:
- Genesis Coin: Genesis Coin is one of the largest manufacturers of crypto ATMs, with machines that support a variety of cryptocurrencies, such as Bitcoin, Ethereum, and Litecoin.
- General Bytes: General Bytes is a Czech Republic-based company that manufactures and sells Bitcoin ATMs. They are known for their BATMTwo and BATMThree models. In addition, they support over 60 cryptocurrencies.
- Lamassu: Lamassu is a Swiss-based company that manufactures and sells Bitcoin ATMs. They offer a single model, the Lamassu Bitcoin ATM, which supports Bitcoin, Ethereum, Bitcoin Cash, Litecoin, Zcash, Monero, Dash, and USDT (ERC-20).
- BitAccess: BitAccess is a Canadian-based company that manufactures and sells Bitcoin ATMs. They offer several models, including the BitAccess BTM and the BitAccess Mini.
- Coinsource: Coinsource is a US-based company that operates and installs Bitcoin ATMs, They have a network of machines across the US, and it is one of the largest Bitcoin ATM networks in the US.
- Coinme: Coinme is a US-based company that operates a network of crypto ATMs, focusing on the US market. They support multiple cryptocurrencies, including Bitcoin, Bitcoin Cash, Ethereum, Chainlink, Polygon (MATIC), Dogecoin, and Litecoin.
- Bitcoin of America: Bitcoin of America is a US-based company that operates a network of crypto ATMs. They focus on the US market and offer support for multiple cryptocurrencies, such as Bitcoin, Litecoin, Ethereum, Dogecoin, Shiba Inu, Zcash, and Bitcoin Cash.
These are just a few companies manufacturing and operating crypto ATMs. Keep in mind that crypto ATMs are becoming more and more widespread, so the number of distributors and operators is likely to continue to grow.