This summer the Bitcoin ATM users can also find Dai stablecoin in the ATM. As the Bitcoin ATM manufacturer, Coinsource is planning to add the stablecoin. The preparations are taking place tirelessly for the presentation of full remittance service. It is expected that Dai will protect the user from the intrinsic volatility of the crypto market.
The decentralized stablecoin Dai is created on Ethereum blockchain and is attached with the US dollar in 1:1 ratio. There is a sharp growth in the count of Bitcoin ATMs, in US alone 3200 ATMs are installed all over the country.
In various states of US Coinsource have installed 200 Bitcoin ATMs. In the forthcoming days, these machines can transact Dai having the freedom to buy, sell, or hodl the stablecoin on the blockchain of Ethereum. In addition to the installation of new machines in 29 different US states, they will also update the existing machines.
In the second phase of the launch, the company will rollout remittance services, through which customers can send currencies from one wallet to another wallet. The remittance service will allow the recipient to redeem the funds in the Coinsource ATM.
The principal product officer of Coinsource has said people do not desire to waste their money in the volatility of cryptocurrencies and wants to save as much as they can in remittances.