XRP has been added to a virtual crypto ATM platform installed at thousands of stores around the world.
The Vancouver-based company says its Netcoins software can be installed on computers, iPads, smart phones and other devices, allowing retailers to become crypto resellers. Instead of installing bulky ATM hardware, Netcoins turns wifi-enabled devices into virtual crypto ATMs.
Crypto is sold in denominations of $10, $20, $50 and $100.
Customers use an interface to enter their details on the spot, including their first and last name, and driver’s license.
Vendors earn a commission on each transaction and can use the service to attract mainstream customers who are looking to buy crypto but aren’t interested in taking the time to open an account on a cryptocurrency exchange. The company claims that in-store process is seamless.
Customers on the check-out line who buy crypto will receive an email detailing the transaction along with a wallet that contains the specified amount of crypto requested. It allows shoppers to acquire crypto as easily as getting “cash back” at the grocery store.
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