More than Just Bitcoin: Here are Three Cryptocurrencies You can Buy at a Bitcoin ATM
Updated: May 23
When they think about Bitcoin ATMs most consumers only think about the popular and much discussed cryptocurrency. But there are a large number of lucrative and exciting crypto coins in which people can invest in. And many of these are easily available for purchase at local Bitcoin ATMs. Here are three of the top crypto tokens consumers can purchase by depositing cash at the Bitcoin ATM at local businesses.
Ether Powered by Ethereum
Ether (ETH) is powered by a community-run technology called Ethereum. Ethereum, like Bitcoin, is an open-source blockchain technology. Having seen some significant investment over the past year, a good deal of recent publicity and a spike in ownership in late 2021, this particular cryptocurrency is second only to Bitcoin in the crypto coin market.
Bitcoin’s main purposes is the store of value and use as a digital currency. Ethereum built its network as a way to not only create a digital currency but provide an environment for the development of decentralized applications and contracts. One of the most significant differentiators between Ether and Bitcoin is the supply cap. While Bitcoin has a total supply of 21,000,000 coins, Ether has no such cap on their currency.
SOL from Solana
SOL is the crypto coin for the public blockchain platform Solana. Launched in 2020, Solana’s creation was targeted at cutting out banks, brokers and exchanges as financial gatekeepers. The Solana platform is estimated to run faster than even Ethereum, processing up to 50,000 transactions per second. The bid price for SOL sat around $2.50 in early 2021 but has since hit highs of $200 or more, over a 3,000% uptick over the past 12 months.
Litecoin (LTC) was launched in 2011 as one of the first Bitcoin spinoffs. Litecoin can confirm transactions faster because it processes more quickly than Bitcoin, at one block every 2.5 minutes versus every 10 minutes for Bitcoin. This crypto coin is sometimes called the “silver to Bitcoin’s gold.”
The currency reached a worth of over $400 in May of 2021. Its value has fluctuated fairly steadily between $100 and $200 over the past six months. It’s steady popularity is one of the reasons it is one the small handful of crypto coins to be included as a payment option for users of PayPal.
The Bitcoin name might be a big draw for new cryptocurrency users. But even newbies are almost guaranteed to be drawn into the budding world of digital money. And, once enamored, the ability to engage with a variety of coin is sure to be a continued draw to the local Bitcoin ATM venue.
Interested in hosting a Bitcoin ATM in your business? Talk to a PowerCoin representative to learn more about PowerCoin and how our attractive and secure BTMs can help you differentiate your business from the competition by offering a high-demand product, increase traffic and attract repeat customers.
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