The demographics of cryptocurrency users has changed drastically over the past few years. In early 2010, there was just a handful of people who were genuinely interested in cryptocurrency. At that time, Bitcoin was the most prominent cryptocurrency available. Fast-forward to 2021 and cryptocurrencies like Litecoin are dominating the cryptocurrency sphere. You can easily find a Litecoin ATM near Phoenix, AZ.
As cryptocurrencies become more readily available, a wider group of people are being exposed to them. Now, it is not uncommon to hear that baby boomers have included cryptocurrencies like Litecoin in their investment portfolio. When you visit a Litecoin ATM near Phoenix, AZ, you will see people of all ages and backgrounds taking advantage of this useful tool.
As with all things, cryptocurrencies have their detractors. These detractors point to the volatility seen in cryptocurrencies. They question the backing cryptocurrencies have. However, cryptocurrency users continue on undeterred. They have seen the volatility that can also exist with fiat currencies. Most fiat currencies have the same backing that cryptocurrency have. The dollar has value because people believe the dollar has value. It is not backed by gold or any other resource.
With cryptocurrencies, the user has more control over their money. They have the ability to determine when and how they will transfer their money. They have access to their currency without relying on the kindness or goodwill of a financial institution.
See what steps RockItCoin Bitcoin ATM is taking to make cryptocurrencies available to the masses by visiting their website.