Scrypt-based crypto asset Flash is releasing a new “human ATM” functionality in regions of Africa and South America that have seen their national fiat currencies fall victim to inflation. The function will provide peer-to-peer trading in countries like Venezuela that have little to no access to traditional banking services and must instead rely on cryptocurrencies to provide for their people.
Human ATM is available through Flash’s mobile wallet. In addition, Flash offers applications that allow customers to house multiple cryptocurrencies from bitcoin and Litecoin to Dash and Ethereum. At press time, as many as 800 different merchants throughout Africa will adopt Flash in the coming months, according to the company’s marketing director James Hinton.
Providing Crypto to Everyone Who Needs It
The human ATM feature allows customers to load maps of individuals offering in-person trades via their mobile phones. People can purchase or sell their cryptocurrencies in person, then have the units transferred to phone-specific wallets. The service will allegedly give all users in countries like Venezuela 24-7 access to cryptocurrencies like bitcoin and ether.
At the time of writing, Flash is supported by several small cryptocurrency exchanges, though it has garnered the attention of larger ventures like the Einstein Exchange in Canada. The currency also boasts over 600,000 active addresses around the world.
Flash was built with the unbanked in mind, though other applications offer similar features. As Flash allows one to keep multiple forms of crypto, Coindex allows users to keep track of their full crypto portfolios. The platform provides mobile users with a dashboard that combines all their wallets into one space, so they can see the progress of their crypto investments and better understand their financial gains. Users can also pre-select specific coins they’re potentially interested in to see how their prices are performing.
Lastly, the application also informs users of any forthcoming or ongoing initial coin offerings (ICOs).
Connecting Crypto to the World
In a related story, Flash has also announced a recent partnership with Crowdforce, based in the African nation of Seychelles.
Crowdforce provides cryptocurrency-based payment options to over 8,000 separate vendors, meaning all registered companies have the option of providing Flashcoin payments to their employees.
Is the human ATM a feature you would use? Why or why not? Post your comments below.
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