, about 6,400 of which belong to Bitcoin Depot. Consequently, the 29-year-old executive – whose company now has access to the capital markets – says he’s willing to buy out the little guy.
Crypto ATM customers are typically unbanked or underbanked – lacking full access to financial services due to poverty, immigration status or general distrust of the mainstream financial system. Without traditional banking relationships, they can’t purchase crypto from online exchanges like Coinbase or Binance.
“For us, it is your first and last legal name, your phone number, your email address, and we run you through sanction screening,” Mintz explained. “You also have to verify you own the wallet address being provided personally, and you're not sending bitcoin to a third party.”to market research site Global Information – although Mintz says as the industry matures, small players will likely get squeezed out.