Canada-based Coinkite is doing some pretty interesting things in the bitcoin realm.
A prime example: the company today announced that consumers can now begin buying and selling bitcoin with Coinkite terminals beginning today.
Coinkite terminals were introduced in Autumn of 2013 and allow merchants to easily accept bitcoin payments from customers, include those carrying Coinkite’s own debit card.
According to the company, the terminals have two modes: retail and exchange. Retail mode, as you would expect, is used for business operations. The exchange mode operates like a mini-ATM.
With support for GSM coverage around the world, it’s mobile too.
All common fiat currencies are support, and the terminal also supports litecoin (with support for blackcoin coming in June).
It’s an interesting concept, indeed. But will existing users of the terminal use it to its full potential?
It’s interesting to think about, and the answer just might be yes. With more and more individuals getting interested in bitcoin (and digital currency as a whole), the conversation has seemingly turned from “is it a currency?” to “how do I get my hands on it?”
A number of companies specializing in bitcoin ATMs are out there, and existing companies (like Coinkite) are expanding their business models to adapt and make the acquisition of bitcoin easy.
The fact of the matter is that online acquisition of bitcoin isn’t the speediest — nor is it the easiest (the process varies depending on where you live, of course). Simple, in-person acquisition of digital currency, according to many in the crypto-sphere, is one of key elements to further adoption.