“Dogecoin co-creator Billy Markus challenges the legitimacy of Bitcoin ATMs, labeling them as a ‘rip-off’ – sparking a debate on the future of cryptocurrency accessibility.”
Billy Markus, the co-creator of Dogecoin, recently expressed his dissatisfaction with Bitcoin ATMs, calling them ripoffs. The conversation started when a user shared a photo of a store advertising a Bitcoin ATM, to which Markus bluntly replied, “they’re ripoffs.” The user then stated that the ATM didn’t work for them.
Bitcoin ATMs serve as a physical gateway for individuals to convert fiat currencies into cryptocurrencies, facilitating adoption in the crypto space. Currently, there are approximately 27,032 Bitcoin ATMs in the United States, with the number growing at a rate of 3.7 per day, as per CoinATM radar data.
However, Bitcoin ATMs also come with their challenges. In March, a hacker gained access to sensitive information from Bitcoin ATM manufacturer General Bytes, highlighting the security risks associated with these machines.
In a separate exchange on social media, Markus shared his views on the future of cryptocurrencies and his relationship with Dogecoin. He expressed a hope for Bitcoin’s price to surge to a trillion dollars, stating that he currently holds 0.01 bitcoin.
At the time of writing, Dogecoin was trading at $0.68, up 0.51% in the last 24 hours.