Bitcoin holds more than a $1 trillion market capitalization, proving that it has gone from fad to mainstay. So many people today choose to invest in and use Bitcoin, and the advent of Bitcoin ATMs has only made digital currency grow in popularity.
If you run a business and want to invest in an income stream that is here to stay, you should look into installing a Bitcoin ATM. Below we’ll dive into why BATMs are excellent for your retail business.
Why Are People Drawn To Bitcoin ATMs?
So what is a Bitcoin ATM, and what makes it an ideal addition to your retail business? We’re happy to explain. Keep reading to learn why people are choosing these BATMs as an option.
1. Digital Currency Is Here To Stay!
Simply put, digital currency is here to stay. First, it is essential to recognize that Bitcoin is a viable form of widely used currency. If you’re old-fashioned, it is easy to lump BTC into the category of things that seemingly were going to take over the world but fizzled out.
However, that’s far from the case when it comes to Bitcoin because it has gained widespread use and notoriety all over the globe. Because of this, you will only see more people deciding to get in on Bitcoin as the years progress. So, by having Bitcoin ATM on your company’s property, you will be ahead of the industry, instead of having to play catch-up.
2. Many People Are Using Bitcoin As An Investment Opportunity
Investing in cryptocurrency like Bitcoin is a great way to diversify your portfolio.
This is why having a Bitcoin ATM on your property is incredibly intriguing. With cash, people are simply making withdrawals or transfers. With Bitcoin, people are tuning into the latest news daily and learning the current state of the market and the price of Bitcoin. As a result, several people have turned a significant profit by purchasing Bitcoin low and selling it high.
With other cryptocurrencies gaining notoriety, such as Dogecoin and Litecoin, it’s only right to expect more people to want to get in while the getting is good.
3. Simple, Safe, and Secure Transactions
https://www.bytefederal.com/how-much-does-a-bitcoin-atm-charge/The main reason that people love cryptocurrency ATMs is that they are so convenient and effortless. By simply going to a bitcoin ATM, customers can quickly and easily get in and out regardless of the transaction they are trying to make. Having one of these BATMs on your property makes this an simple decision for your customers.
Get to know the Bitcoin ATM fees that come with the territory. That way, you can choose a Bitcoin ATM that helps your customers keep more money in their pockets.
4. Greater Access To Bitcoin ATMs
Now is a great time to get in on offering Bitcoin ATMs. Customers recognize BATMs because they are becoming more common. Your contribution will give people more autonomy with how they spend their money and what currency they use.
5. Bitcoin Is Gaining Mainstream Popularity And Use
Finally, a significant benefit of Bitcoin ATMs is that cryptocurrency is here to stay. You can travel to several continents and countries and find crypto ATMs. Everything from coffee shops and grocery stores to several retail businesses now allow customers to check out using Bitcoin and other forms of cryptocurrency.
How Can Bitcoin ATMs Help Your Business?
So now that you know why Bitcoin ATMs are all the rage with people today, how can they be an asset to your retail business? Consider the following:
1. An Influx Of New Customers
You will notice an influx of new customers when you offer Bitcoin ATMs. Installing a Bitcoin ATM inside your retail business will drive more traffic and capture a savvy young audience. You can leverage this business however you’d like, and your customers will appreciate that you give them more options.
2. Appearing On ATM Maps Provides An Excellent Marketing Opportunity
Your Bitcoin ATM location will be posted on maps and listings so that people can find the nearest Bitcoin ATM, with ease. This organic marketing opportunity offers a spectacular advantage to your business.
Most people interested in Bitcoin ATMs use apps that allow them to find the nearest Bitcoin ATMs. The fact that your business will now appear on these lists will market your retail store while driving new business.
Listings also helps with your location’s search engine optimization (SEO), a crucial type of marketing for business growth. In a Web 2.0 world, you owe it to yourself to capitalize on these opportunities as much as possible. It provides a win-win situation for both you and your customers.
3. It Is Easy To Leverage Bitcoin ATM Use With Cross-Selling Opportunities
Once you attract customers to your property to use your Bitcoin ATM, cross-selling opportunities are endless. People will come to make a Bitcoin transaction and stay to purchase items from your store. This fact alone makes having bitcoin ATMs on your property worth the investment. These cross-selling opportunities can lead to more revenue for your company. The name of the game today is to provide your customers with plenty of options.
4. Earn Passive Income
Hosting a Bitcoin ATM provides a passive income stream for your business. Hosting a bitcoin atm is a no-brainer for your retail business because you get paid for providing a simple service to people and lose nothing in the process. All businesses ebb and flow, so you can never have too many income streams at your disposal. Passive income is a tremendous wealth-building strategy, so having one of these ATMs will be an integral part of your company’s revenue strategy.
5. Installing A Bitcoin ATM Shows That Your Company Is Forward-Thinking And Progressive
Having a Bitcoin ATM is also excellent for your brand as a whole. It signals the customer that you’re keeping up with the times and staying modern. Today’s customer loves progressive businesses that are not stuck on the status quo. A cryptocurrency ATM will attract a specific type of customer and keep you ahead of the curve and, most importantly, ahead of your competition. Finally, the word will spread, and you attract even more loyal customers to your store.
How To Get A Bitcoin ATM For Your Business
Now that you understand just how substantial an investment a Bitcoin ATM can be for your location, it is time to start working with a company that can provide you with what you need. Here’s how you can make it happen:
1. Learn The Ins and Outs Of Bitcoin ATMs
Before anything else, you need to get to know Bitcoin ATMs and how they operate. This way, it will be helpful to your customers that come in to use them.
You need to be able to answer questions about what to bring to a Bitcoin ATM, what transactions are valid, and more.
To use a Byte Federal Bitcoin ATM, you must bring a photo ID, a smartphone, and cash.
Also, try out your BATMs for yourself to clearly understand the process and how they operate.
2. Find The Most Reputable BATM Providers
When you are ready to hit the ground running with a Bitcoin ATM, make sure that you look into the most reputable brands that can assist you. Check out the professionals specializing in Bitcoin ATMs, like Byte Federal.
3. Set Up A Consultation To Learn More
After you have found the best Bitcoin ATM company to suit your businesses needs make sure that you set up a consultation with the providers to learn more. During this initial consultation, a representative will review the crypto ATM fees, installation costs, and other measures. From here, you will also be able to review the contract terms with them to ensure that you are setting up an agreement that makes the most sense.
4. Visit A Few Retail Business With BATMs
One of the best things you can do is make sure that you check out these ATMs in person. Aside from looking into the Bitcoin ATM operators inventory, stop by some restaurants and retail stores to see what models of Bitcoin ATMs they use in their company. Try the different settings and ensure the graphical interface is intuitive and easy to use.
5. Lock In A Contract And Be Sure You Are Getting Quality Maintenance And Care
Finally, make sure that you are crystal clear on the contract terms. This knowledge will help you decide how their ATMs will fit in with your business and everything you offer. Choose a timespan that works for your company, and ensure you are willing to revisit the contract when the time is right.
Search For Bitcoin ATMs To Best Suit Your Businesses Needs
The tips above will help you when you’re considering using crypto ATMs. However, cryptocurrency is here to stay, and you will be well on your way when you start speaking to a company that can assist you further.
Byte Federal provides one hundred percent American-made and maintained cryptocurrency ATMs. From there, you can take your retail business to the next level.
At Byte Federal, we are happy to provide for your Bitcoin ATM needs. So take the time to contact us via the web or call us at (786)686-2983.