Here’s how Bitcoin ATM operators can save costs during the bear market.
The software conversion drive came after Bitcoin Depot acquired majority equity in BitAccess back in November 2022. Months before the deal,via an $885 million deal with a special-purpose acquisition company .
The software conversion of the crypto ATMs, which vertically integrates Bitcoin Depot’s hardware and software, eliminates annual software licensing fees. The fees previously accounted for $3 million in annual operational costs.In the first half of 2022, BitAcess enjoyed the position of a market leader.
“By swapping out the existing hard drive with one preloaded with Bitaccess software, we quickly completed the software conversion while avoiding certain technical issues that can happen in field conversion projects.” Sacco also revealed that the first 6,000 of Bitcoin Depot’s Bitcoin ATMs were software converted in 10 weeks. The increase in crypto ATMs is directly proportional to the amount of crypto exposure for the general public.
Back when El Salvador opted for Bitcoin as a legal tender, President Nayib Bukele announced the country will build
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