BitcoinPoint has entered an agreement with CashZone to allow Bitcoin holders to sell their assets across 16,000 CashZone ATMs in the UK. Now, Bitcoin holders will find it easier to convert their cryptocurrency into cash.
To cash out, Bitcoin holders will firstly register at the BitcoinPoint.com website. After registration, the user will input the amount to withdraw, scan a QR code, and receive a code via a text message. As the withdrawal is a cardless transaction, the user will enter the code for a successful transaction.
Over time, BitcoinPoint has helped tackle challenges Bitcoin holders face with buying, selling, and the general use of the digital asset. To provide a solution to the challenges, BitcoinPoint initiated Open Banking, an instant bank transfer solution.
Speaking on Open Banking, BitcoinPoint CEO and former Credit Suisse vice president Benoit Marzouk said:
“When we started the service early 2018, there was not enough emphasis on making it easier for people to simply buy £5 of bitcoin. Since registering on a crypto exchange could be a complex process for non-tech savvy people, the scarce availability of bitcoin ATMs made accessibility of bitcoin problematic.”
With the new development, Bitcoin will generate a wider audience because of accessibility in more locations.
With a $444 billion market value, BTC is currently down 1.07% to $23,339.52.
Image Credits: Pixabay
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