A Closer Look at Cryptocurrency ATMs
2019.04.18
Daniel Polotsky, the founder and CEO of CoinFlip, does not take no for an answer. This is not to say that he is forceful in his encounters with others; in fact, anyone who has met him would tell you the opposite, regaling tales of Polotsky's moments of great humility and heroism. It is unlikely to find a hero in the world of cryptocurrency business, so when we find one, it is important to make sure that they feel celebrated.
However, it is important to note that Daniel Polotsky is an intrinsically-motivated person; he does not wait for opportunities to arise and compel him with promises of profit. He finds opportunities out of thin air, and he snatches them before anyone else even notices that the opportunity existed in the first place. This is perfectly exemplified in Polotsky's creation of CoinFlip.
Daniel Polotsky entered the business because he saw a hole in it that he believed he could fix. This probably was simple; there was a lot of popularity surrounding cryptocurrency in the United States, but there were no reliable ATM companies that would provide a usable service for clients. Because of this, Polotsky took it upon himself to develop the technology needed himself. Through his expert opinions on funding and general business tactics, Polotsky was able to create a new cryptocurrency ATM system that worked not only with bitcoin, but with five other popular cryptocurrencies as well.
This was a feature that Daniel Polotsky certainly did not need to include by any stretch of the imagination. In fact, he considered whether or not the benefits of adding in a system which allowed customers to use other cryptocurrencies would even be worth it, as most consumers would be most interested in the local bitcoin aspect of the machine. However, it was at this moment that those working for CoinFlip realized realized that they needed something to distinguish their business from those around them. Not that the professional service and user interface were not already enough to compel customers, but they knew they could do better.
Because of this, they developed functionality for a few different types of cryptocurrency. If CoinFlip had decided not to do this, the business would likely not be as successful as it is today, even if most people are only interested in the bitcoin aspect of the ATMs. This may sound backwards to people unfamiliar with the inner-workings of business, but in order to understand the situation, you merely need to view the situation from the perspective of a consumer. If you were interested in picking a primary ATM to go to for bitcoin transactions, even if you were only in it for the bitcoin, you would be drawn to an ATM that is compatible with multiple currencies simply because that is an impressive feat, and people like for the products and services they used to be the very best ones available to the public.
This is something CoinFlip holds proudly; regardless of what any competing company decides to say about them, no one can take away that they provide the very best service in the country. No other company has had ATM uptimes even remotely comparable to that of CoinFlip; the very best of them would be totally unable to even match the extreme heights CoinFlip has reached.
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