Hyosung announced Bitcoin transaction support

One of the biggest ATM manufacturer announced Bitcoin support
17 November 2017   1278

One of the biggest ATM manufacturer in the world announced Bitcoin transaction support.

Turn your retail ATM into a cryptocurrency compatible ATM by adding Bitcoin transaction support from Just Cash. No PC or cryptocurrency app required – customers simply use your ATM and make a purchase.
 

Hyosong Announcement

just.cash bitcoin atm
just.cash Bitcoin ATM

ATM manufacturer also reported on features for different ATM users and operators.

Customer Features:

  • Easy to purchase Bitcoin
  • ATM prints receipt with transaction details and cryptocurrency public and private keys
  • Transfer cryptocurrency to your existing wallet with a simple QR scan
  • Great way to introduce customers to the world of cryptocurrencies
  • Additional cryptocurrencies can be added as popularity increases

Benefits to ATM Operator:

  • Make your ATM a destination for a new set of customers
  • Easy to implement
  • No hardware required
  • New revenue stream
  • More exposure to your ATM location from the ATM locator
  • Turn Bitcoin buyers into repeat customers
  • Cryptocurrencies currently supported: Bitcoin

Financial Considerations: 

ATM operators earn revenue on every cryptocurrency transaction settled directly into their bank account.

Also, there are some stuff coming soon:

  • Access cash using mobile phone
  • Ability to redeem cryptocurrency for cash
  • Eliminate the need for a physical wallet and/or additional cards
  • Customer receives promotions and coupons before selecting an ATM and after a transaction is completed
  • Currencies supported in near future: Ethereum

Bitcoin May Pass Gold Market Cap, - Novogratz

Mike Novogratz continues to be Bitcoin and cryptocurrency optimist 
25 March 2019   105

The founder of Galaxy Digital, Mike Novogratz, expressed the opinion that over the next 20 years, Bitcoin’s capitalization would “easily” surpass the gold market, currently estimated at $ 7.5 trillion. It is reported by The Daily HODL.

In a conversation with the founder of Morgan Creek Digital, Anthony Pompiano, Novogratz stressed that the inflow of institutional money to the cryptocurrency market is only a matter of time, and major players like Goldman Sachs and the Intercontinental Exchange (ICE) are already mastering a new industry.

I know Goldman for instance is gearing up around securities tokens. They’re not doing anything yet, but they’re getting really ready and looking at all the questions on – where would you store them? Do you have to build your own custody, or can you use someone else’s custody? How to get them to work.
 

Mike Novogratz

Founder, Galaxy Digital

According to him, the growth potential of Bitcoin is strong and therefore it is advisable for investors to include the first cryptocurrency in their portfolios:

I think the macro case for [Bitcoin] is pretty strong. And so, if you can put a couple percent of your portfolio in, there’s a decent chance it catches wind. Fidelity is just getting set up. Bakkt continues to get delayed a little bit, but it’s not going to be delayed forever. They’re going to be in the game. And there’s lots of other players coming.
 

Mike Novogratz

Founder, Galaxy Digital

According to him, the volume of the gold market is $ 7.5-8 trillion and in order to outperform this market, the first cryptocurrency needs to grow in price at least 100 times.

Gold’s got an $8 trillion market cap, or a $7.5 trillion market cap. And so, we’re 100x off on that. We’re not going to get there in Bitcoin in the next year or two. But over a 20-year period, could that happen? Easily. Easily. And that’s giving zero optionality to all the other stuff. And so I think it seems like a pretty smart portfolio bet.
 

Mike Novogratz

Founder, Galaxy Digital

The founder of Galaxy Digital also touched on the topic of bitcoin futures.

The reality is, the CME kicked their butts. And these guys have limited resources on what they’re going to spend their focus, and they decided to spend it elsewhere. Finding leverage in Bitcoin is going to get easier as the architecture in the space gets better. You’re already seeing the lending market around Bitcoin went from 10% to like 3%. So once you can borrow you can short. And so now it’s not so hard to short Bitcoin. It used to be almost impossible to short Bitcoin in 2016… It wasn’t great, but it’s not critical. 
 

Mike Novogratz

Founder, Galaxy Digital

In February Mike expressed the opinion that, thanks to institutional money, Bitcoin will reach $ 8,000.