Despite the gyrating prices of cryptocurrencies, their mass adoption continues to gain traction. In fact, experts say that it’s only a matter of time before they become mainstream, as concluded by various studies. One of the factors speeding up the acceptance of digital coins these days is the increasingly easier access to crypto trading, thanks to companies like Netcoins, with the rapid expansion of its global network and the addition of more cryptos in its roster.
Netcoins Expands Network to 21,000+
In a company post, Netcoins announced that its global network has rapidly expanded to more than 21,000 retail locations worldwide. At the moment, its expansions are focused on three regions: Australia, Canada, and Europe.
With this expanded network, anyone who wants to give cryptocurrencies a try can either buy or sell them through any of the company’s outlets, which are also known as virtual crypto ATMs. Netcoins’ app makes it possible for any smartphone or tablet to work as a virtual crypto ATM where people can do all crypto-related transactions (except withdraw actual fiat currency) that can be processed on a regular crypto ATM.
The advantage for merchants is obvious as it gives them the opportunity to have a virtual Bitcoin ATM without purchasing any hardware at all. Since only a smartphone or tablet is needed, there is no need to allocate a space within the store.
EOS, Bitcoin Cash Added to Netcoin’s List of Accepted Cryptos
But Netcoins is not only expanding in terms of its number of sales outlets. The company also recently announced the addition of two cryptocurrencies to its roster of accepted digital coins.
Netcoins first announced via a company post on Aug. 28 that it already listed Bitcoin Cash (BCH). Just two days later, it made another announcement saying that the company added EOS. These recent additions mean that the platform now supports all top seven tokens by market cap.
Netcoins CEO Mark Binns proudly announced:
“Adding EOS completes our listing of the top 7 market cap coins on Netcoins. This gives us one of the most robust coin offerings in Canada, and with EOS complete, we anticipate a steady supply of paid altcoin listings to follow.”
While the expansion of virtual crypto ATM networks has been rapid, thanks to companies like Netcoins, the installation of actual crypto ATMs has not been lagging behind at all. Data from Coinatmradar.com reveal that there are around eight machines installed daily across the globe. The site revealed that there are now more than 3,700 total crypto ATMs, making it easier for crypto investors to execute buys and sells and even convert some of their cryptos to fiat currency and withdraw the proceeds via the machines.