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Bitcoin Well Is Making It Easy To Turn Cash Into Bitcoin

April 16, 2024
x min read
Bitcoin Well Is Making It Easy To Turn Cash Into Bitcoin

Exchanging physical cash for Bitcoin is about to get a whole lot easier.

What’s happening:

  • Bitcoin Well (TSXV: BTCW) has announced they have launched a new feature known as Cash Vouchers, which makes it seamless to turn cash into Bitcoin through Bitcoin Well’s network of physical Bitcoin ATMs

How it works:

  • Users who have a Bitcoin Well account are able to use Bitcoin Well’s online portal and select the Cash Voucher feature
  • This instantly generates a unique QR code that is then accessible at a Bitcoin Well ATM
  • From there, cash is simply deposited into Bitcoin Well’s ATM and is converted into Bitcoin
  • That Bitcoin is then instantaneously sent to a users own Bitcoin wallet, in a way which is entirely non custodial

Why it matters:

  • The founding principles of the Bitcoin network are about permissionless and decentralized ownership, which has been made more difficult with the rise in regulated exchanges and custodial platforms that actually take ownership of Bitcoin before it ever reaches a users own individual digital wallet

Going deeper:

  • Bitcoin Well has been experiencing significant new growth for their non-custodial Bitcoin ecosystem, which ranges from physical Bitcoin ATMs to their online portal amidst a growing demand for self custody

Disclaimer

The New Money provides background information on early stage companies from publicly available sources. The New Money provides no advice on dealing in securities, is not a financial adviser and does not pretend to be so. This message is meant for information and educational purposes only. The information contained in this email is not to be considered factual or complete. Anybody interested in obtaining financial and other information on companies mentioned is advised to get it direct from the companies, or from their own investment adviser. The New Money does not intend for this information to be used to inform an investment decision. The New Money has been compensated by Bitcoin Well for a media campaign, which affects our ability to be unbiased. The Principals of The New Money may buy or sell shares of Bitcoin Well without further notice. This is why we stress that you conduct extensive due diligence as well as seek the advice of your financial advisor or a registered broker-dealer before investing in any securities. The New Money and its principals and agents are not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Always do your own research and consult with a licensed investment professional before making an investment. This communication should not be used as a basis for making any investment. Investing is inherently risky. While a potential for rewards exists, by investing, you are putting yourself at risk. You must be aware of the risks and be willing to accept them in order to invest in any type of security. Don't trade with money you can't afford to lose. This is neither a solicitation nor an offer to Buy or Sell securities. No representation is being made that any stock trade will or is likely to achieve profits. Comparisons made to other featured companies or past performance is not indicative of future results.

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