Skyrus Digital Currency ATM

18 February 2019 | Mon

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The growth in the availability of digital currency ATM machines is essential in driving the demand for cryptocurrencies. Against this backdrop, Skyrus Network is introducing its own proprietary digital currency ATM machines to capitalize on this purchase demand from consumers.

As more people adapt to the idea of cryptocurrencies, we are witnessing an increase in the number of Bitcoin ATM machines. Thus, Skyrus Network is creating these standalone crypto ATMs to facilitate users to purchase digital currency without the need for technical knowledge. With the recent ban by VISA and MASTERCARD with regards to buying bitcoins and other cryptocurrencies, essentially, these ATMs have become the bridge between the crypto market and the adoption of this digital currency in a consumer’s life. Therefore, the primary purpose of Skyrus is to make the process of purchasing of digital currencies through our ATMs user-friendly.

Currently, with the mode of Bitcoin ATM machine operation, the Bitcoin ATMs are connected to a hot wallet. The operator of Bitcoin ATM has to monitor this wallet to ensure the constant supply of these bitcoins for purchase by the consumers. Due to the nature of the supply of bitcoin, it is important to constantly update the reserves. At Skyrus, our ATM machines are programmed to our Skyrus exchange, therefore these units do not require us to stock a hot wallet. Instead, Bitcoin is purchased directly from the exchange and transferred to the ATM user. This option saves cost and prevents loss incurred when buying cryptocurrencies at a higher exchange rate and selling at a lower exchange rate.

How do Skyrus ATM works?

Skyrus ATM is integrated with Skyrus Exchange. It supports a direct physical exchange of cryptocurrencies with fiat, something that is not easily and readily available in the market of Crypto as of today.

Skyrus ATM aims to provide our users with the quickest, safest and most efficient way of buying cryptocurrencies. You will never have to go through a long waiting process of depositing cash into an exchange anymore. We present you the solution to all your cryptocurrency woes.

After scanning your QR code, purchase of cryptocurrency will be completed in two simple steps?—?insert notes and purchase the cryptocurrency by choosing one of the available options. Selling of cryptocurrency also works similarly. You simply key in your desired amount, decide which crypto coin to sell (if you have more than one), and then collect your cash.

Top features of our ATM:

Intuitive UI

With an ergonomic and intuitive design, the Skyrus ATM makes cryptocurrency more accessible to the public. Users with a new account will find it easy to manage funds and convert between cryptocurrency and fiat. Green and orange light strips line the cash deposit slot to indicate when to insert notes and when they are being processed. We strive to make the process as swift and seamless as possible.

Multiple Cryptocurrency Support

Our Skyrus ATM Machines supports up to 3 fiat denominations, allowing more freedom for you in buying cryptocurrency using different fiat denominations.

Instant Verification

Accounts are verified and transactions are processed immediately. All Skyrus ATM Machines are equipped with the latest bill validator and QR code scanner that has the highest sensitivity and fastest detection rate. Just scan the QR code of your wallet address and send or receive cryptocurrencies within Skyrus ATM instantaneously!

Paper Wallet

Skyrus ATM will provide a printed paper wallet for all transactions. This printout holds both your public and private key, allowing you to keep your wallet securely offline and away from hackers. However, do ensure you keep your paper wallet safe!

Secure

Both operators and users can be assured that Skyrus ATMs are highly secured, and you can use them with utmost confidence. We have equipped all Skyrus ATM machines with a fingerprint scanner, and our users will be able to register their fingerprint while they open an account with Skyrus Network. Moreover, security cameras will also be installed into all of our machines and they will be monitored round the clock.

Conclusion

ATM machines have always played an inevitable role in our economy. As consumers migrate their financial services to mobile and online banking, cryptocurrency ATMs are becoming advantageous to consumers to purchase and transact with virtual currencies. It is our goal to promote the importance and usefulness of bitcoin ATMs.

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Want to learn more about Skyrus Network?
Read our whitepaper here: https://skyrus.io/blockchain/wp-content/uploads/2018/12/Skyrus_Exchange_Whitepaper.pdf

Official Channels:
Official Website: https://skyrus.io
Official Twitter: https://twitter.com/SkyrusNetwork
Official Medium: https://medium.com/@skyrusnetwork
Official Facebook: https://www.facebook.com/SkyrusWorld
Official Steemit: https://steemit.com/@skyrusnetwork

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