Lorem ipsum dolor sit amet, consectetuer adipiscing elit, sed diam nonummy nibh euismod tincidunt ut laoreet dolore magna aliquam erat volutpat. Nick Chong 13 hours ago. Bitcoin ATMs smoothen the process and allows for customers to convert cash directly. Nick Chong 15 hours ago. View Comments.
Bitcoin’s Price Increase
But it remains unclear how much of a market exists for Bitcoin in the Baton Rouge area. Haynie has other such machines in New Batob and has plans for one more in either Shreveport or Baton Rouge in the near future. The machines allow for a one-directional transaction, where users can purchase Bitcoin for cash but not receive cash for their Bitcoin. Quantifying the Bitcoin market locally is challenging. Haynie says his ATMs have had solid traffic so far, but declined to provide specific numbers.
Monday, February 20, 2017
Haynie is reportedly planning on installing a second machine in either Shreveport or Baton Rouge in the future. According to the day trader, the currency has been targeted toward the younger generation, noting that the Baton Rouge bitcoin ATM has been fixed near the Louisiana State University campus. Yet, while Baton Rouge has received its first bitcoin ATM it remains unclear as to how much of a market exists for the digital currency within the capital. It remains to be seen how successful the machine will be in Baton Rouge despite Haynie claiming that his ATMs have provided solid traffic so far. At the time, it had brought its number of installed machines to a total of 42 across seven states. Now, that number extends to over 80 machines across nine states, according to Coinsource. The state with the most machines are found in New York, which currently accounts for
How to use a Bitcoin ATM
Bitcoin ATMs are an excellent way bitcpin get cryptocurrency to the masses. While it is unclear if there is a huge bitcoin atm baton rouge agm bitcoin in the area, it is a significant step forward.
Bitcoin enthusiasts can be found all over the bitcoi and Baton Rouge is a good place as any for such an ATM. It is unclear why he chose Baton Rouge specifically, albeit it would indicate the region is batonn to quite a few bitcoin enthusiasts. Whether or not that is the case, remains to be seen. New Orleans has seen a small influx of bitcoin ATMs over the past year. Right now, the plan is to increase that number even bitcoln over the coming months.
Particularly the Shreveport and Baton Rouge areas are of great strategic value to Haynie. The Baton Rouge machine, as well as those yet to be installed, will be one-way devices.
Consumers can buy bitcoin with fiat currency, but not convert bitcoin to US Dollars. Then again, it is close to the LSU campus.
Some people may argue one does not need an ATM to buy bitcoin. They are absolutely correct in this statement, albeit using an exchange can be cumbersome. Bitcoin ATMs smoothen the process and allows for customers to convert cash directly. It will be interesting to see how popular the Baton Rouge area is for cryptocurrency bitcoin atm baton rouge fouge.
It has to be said, Louisiana seems to be a Bitcoin-friendly region so far. A local real estate lawyer accepts bitcoin payments, as well as several other businesses in the state. Although there is still a long way to go before bitcoin becomes a mainstream currency, things are evolving in the right direction.
The bigger problem is getting people to use cryptocurrency as a payment option. All things considered, things are looking positive for bitcoin in Louisiana right. Header image courtesy of Shutterstock. All Rights Reserved. We use cookies to give you the best online experience. By agreeing you accept the bqton of cookies in accordance with our cookie policy. Crypto Credit Lines Sponsored. Bitcoin 2 mins. Get Started Now. Nick Chong 11 hours ago. Nick Chong 13 hours ago. Nick Chong 15 hours ago.
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It is unclear why he chose Baton Rouge specifically, albeit it would indicate the region is home to quite a few bitcoin enthusiasts. Get Started Now. Bitcoin has gained worldwide exposure over the last several years, and several Baton Rouge companies have since announced they would begin accepting the currency. We use cookies to give you the best online experience. Privacy Center Cookie Policy. Although there is still a long way to go before bitcoin becomes a mainstream currency, things are evolving in the right direction. Monday, February 20, All things considered, things are looking positive for bitcoin in Louisiana right. Bitcoin atm baton rouge Chong 15 hours ago. Grant Bourque, a local software engineer, first got Bitcoin several years ago, and is now involved with a Facebook page for local Bitcoin users. But it remains unclear how much of a market exists for Bitcoin in the Baton Rouge area. Particularly the Shreveport and Baton Rouge areas are of great strategic value to Haynie. Then, users insert cash and get Bitcoin. Lorem ipsum dolor sit amet, consectetuer adipiscing elit, sed diam nonummy nibh euismod tincidunt ut laoreet dolore magna aliquam erat volutpat. The bigger problem is getting people to use cryptocurrency as a payment option. All Rights Reserved.
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