Australian Bitcoin ATM Firm Makes Weekly Profit in 2018

An Australian bitcoin ATM firm, Auscoin which have successfully installed 31 ATMs all over Australia have revealed that the company earned $360k weekly in 2018. Mr Karagiozis commented, “Our turnover is $360k USD a week, which is just insane considering how much the price of Bitcoin has dropped. It just shows there really is a market for it”.

The post Australian Bitcoin ATM Firm Makes Weekly Profit in 2018 appeared first on Incrypts.

Australian Bitcoin ATM Firm Makes Weekly Profit in 2018

A Blockchain is a growing list of records, called blocks, which are linked using cryptography. Cryptography is the practice and study of techniques for secure communication in the presence of third party adversaries. Cryptocurrency is a digital currency that uses encryption (cryptography) to regulate the generation of currency and verify the transfer of funds, independently of a central bank.

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