As the Financial Technology Industry grows, industry players are having to think outside the box to entice clients who want to buy Bitcoin. This includes offering the most convenient modes of operation and user interphase. The key element has been eased automation of services on websites that sell one thing or the other.
Bitcoin of America has always kept up with market dynamics, thus outdoing its peers on so many fronts. To begin with, Bitcoin of America rolled off Bitcoin Teller Machines (BTMs) which dispense Bitcoins in the same fashion as ATMs do for fiat currency.
Bitcoin Teller Machines resemble everyday ATMs (Automated Teller Machines).However, they serve a very different purpose. Instead of providing you with access to your bank accounts, they are used to buy and sell Bitcoin and other digital currencies. With these machines, buying and selling Bitcoin is easy and convenient for the end user. A potential buyer can use cash to buy Bitcoin without a bank account or debit/credit card.
Tablets rolled out to Complement BTMs
Having attained several milestones in terms of setting up Bitcoin ATMs in several cities across the country, Bitcoin of America is now looking to bring the convenience of buying Bitcoin to your fingertips. This has been done through Tablets for merchants.
The company has engaged agents all over the country who will be able to help anyone wishing to buy or sell Bitcoin but lack the know-how. This is a step in the right direction in a period where the crypto industry is awash with cybercrimes such as phishing and Identity theft aimed at stealing crypto from vulnerable internet users.
How Merchant Tablets Work
Anyone wishing to buy Bitcoin may use websites as well as an array of applications that pinpoint the exact location of a merchant just like they do with BTMs. Instead of a Graphical User Interphase that is pre-installed on the BTMs, persons wishing to use the merchant tablets will be guided by a human teller operating the tablet. A customer simply walks into a Tablet location, chooses the amount they wish to buy and gives the teller his phone number for customer look up. If this is a first time buyer they will need to create an account. The customer then buys the amount of Bitcoin they wish (up to $1999) and receives cash from the teller. The tablet prints out the same QR code for the customer which then they scan to a mobile wallet.
This is an improvement on the system such that you can get live assistance, feedback or guidance on a matter that you cannot clearly make out. Also, the human touch while trying to buy Bitcoin inspires confidence to traders. This is an improvement of the previous set up where one had to have some background information on the workings of cryptocurrency.
Phone Number and Working Mobile Wallet
Just like trading Bitcoin on a BTM, one will need to have a verifiable phone number in line with Know Your Customer (KYC) regulations. Additionally, you will need a working crypto wallet, preferably secured with 2 Factor Authentication (2FA). This will ensure that once you have purchased your Bitcoins, they will be channeled to a secure holding place that only you can access. With the ever changing technology it is important to roll out new features to better service customers in terms of quality and service to aid in the buy Bitcoin process.