It is evident cryptocurrency ATM operators have to keep innovating. In most cases, this means adding new cryptocurrencies to these machines in quick succession. General Bytes has done exactly that by integrating Monero support. More specifically, this feature has been available for several months now. However, it is a change which went by unnoticed for a lot of people. An interesting decision, though, as Monero is quickly gaining popularity.
Most people know there are many different cryptocurrencies which matter right now. Cryptocurrency ATM operators often integrate altcoin support over time. Some of the popular altcoins being supported include Litecoin and Ethereum. In some cases, machines may even have Dash functionality. It is good to see Monero finally being added to this list. General Bytes has made an interesting decision in this regard. For some reason, most people overlooked this change.
General Bytes and Monero Integration
More specifically, Monero support has been present for several months now. The company had announced this change quite some time ago. However, they seemingly got little public attention when this integration was completed. It is good to pay some attention to these changes in the long run, though. Monero has quickly become a very popular cryptocurrency all over the world. Its focus on privacy and anonymity make it superior to Bitcoin is certain regards. With General Bytes supporting XMR, this demand can be satisfied with relative ease.
it's been live for several months now. 🙂 contact Support@generalbytes.com if you are having problems configuring.
— GENERAL BYTES (@generalbytes) November 15, 2017
For the time being, it remains to be seen if another ATM manufacturer will take a similar approach. Cryptocurrency is about so much more than just Bitcoin right now. Consumers want access to popular altcoins as well. Monero is certainly on that shortlist, even though it is still less popular than some others. It will be interesting to see if General Bytes can change this situation in a positive manner over time. Rest assured the competition is keeping a close eye on these developments. Altcoins are growing in value every single day, that much is evident.
In the end, it is good to see the cryptocurrency ecosystem grow. With so many Bitcoin ATMs, it is evident altcoin support was only a matter of time. It will be interesting to see which of these alternative currencies has more demand in the end. A lot of people still rely on centralized exchanges first and foremost. Additionally, few cities around the world even have a cryptocurrency ATM right now. An interesting business model, that much is certain.
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