London is just weeks away from having its very own Bitcoin ATMs.
In fact, three startups are competing to be the first to install their cryptocurrency cashpoints in the capital, enabling Bitcoin to fiat conversions, and vice versa.
Which raises the question – would you use one?
There are a variety of methods to ensure security, depending on which manufacturer you’re talking about, but right now no UK laws exist that would govern their use.
But the more that things like Bitcoin ATMs pop up, the more the cryptocurrency’s user base will grow, at a much faster pace than regulators can keep up with, too.
As Gartner analyst Christophe Uzureau told me in a recent feature I did, "We will see a new type of commerce. It’s never about one type of currency or payments solution; it’s all about what kind of flexibility you provide to the customer or merchant."
In the end, it all comes down to convenience.
