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4 Reasons to get Excited About the Penny/Nano Exchange

One thing everyone agrees on is how innovation is a key factor in the cryptocurrency industry. While not all projects are destined to achieve mainstream adoption in quick succession, no stone should be left unturned either. The Penny/Nano Exchanger is a very curious contraption, albeit one that can effectively serve a purpose. A niche purpose, perhaps, but it is still an interesting contraption.


Using Spare Change for Crypto


It is not the first time someone comes up with the idea of converting spare change to cryptocurrencies. In most cases, these efforts rely on using mobile apps which round up online expenses and use the “change” to buy Bitcoin or select altcoins. Those concepts work quite well, although they are far from commonly used in this day and age. 


The Penny/Nano Exchanger works very differently, as it takes physical change and converts it to cryptocurrency in a digital form. That in itself is rather interesting, although it also means one needs access to a device capable of facilitating these transactions. That may prove rather difficult at this time, albeit it seems anyone with a few hours of spare time could build this contraption in quick succession. 


The Required Hardware


While this device looks rather clunky, it is a lot more convenient than one may think. The components required all cost roughly 35 Pound Sterling, or between $45 and $50. It is a very cheap solution which anyone can build if they desire to do so. The software side of things can run on the Raspberry Pi Zero W, albeit using a proper case for it might incur some additional costs.

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