I asked myself this question 2 years ago when I saw one of these ATM's pop up at a local gas station on Cicero: Are BTC or Crypto ATM's useful? Only within the past year or so have I seen more debit cards start to utilize crypto tokens to convert to a form of payment and prior to that these type of ATM's were few and far between. Now, if you venture around a metro area like Chicago every third gas station or liquor store is putting one in place.
Could it be that Gen Z and millenials are really adopting cryptocurrency as a form of payment? Are these type of ATM's more profitable for the businesses utilizing their services? Is there really someone out here spending all of their BTC on a bottle of Hennessy? My better senses tell me the middle is likely the answer.
Like most people on this platform, physical locations, especially with exorbitant FEES, are not useful. Some of these locations are buy only. You can do that right from the exchange. Load onto a card. Maybe for some people, these are useful ways to achieve cleaning cash or instant transactions to get cash. However, exchanges are catching up in speed and something physical in a digital age is at risk of being outclassed.
