When there is an emergency situation that requires you to transfer money from your bank to someone banking in another country, the process that you have to go through can feel overwhelming. Even in the modern age, you need to jump through a million hoops in order to do what you want with your money. Third parties are always going to be involved. They are going to get a cut or a percentage of the money you want to send.
Bitcoin machines in Houston, Texas, have been growing in popularity as people are opting to ditch their bank and banking fees for a simpler way to carry out local and international transactions. On average, seven percent of the money that people transfer gets paid to a third party as a fee. It can take days to settle financial transactions that happen across borders using multiple currencies.
Cryptocurrency gets rid of this. Cross-border exchanges are easy because cryptocurrencies are the same here as they are there. With most cryptocurrencies, exchanges happen within a matter of seconds. This is why people find Bitcoin machines in Houston, Texas, as a positive thing.
People are so fed up with banks manipulating the value of money, stealing their money, or telling them when and how they can use their money. Many have just decided to stop using the bank. In fact, there are more than 1.7 billion people who don’t use a bank around the world.
Learn how RockItCoin Bitcoin ATM is helping people ditch bank fees by visiting their website.