There are more than 3 million automated teller machines (ATMs) globally, or about 1 machine per 3,000 people. In the U.S. it costs businesses upwards of $7 billion a year to operate ATMs and to manage, secure and transport all that cash.
Apollo Foundation’s roadmap includes establishing crypto ATMs in major cities worldwide, where legally permissible. It’s prudent to set up this infrastructure to enable mass adoption, even for people who don’t have a bank account or mobile phone. About 1.7 billion people worldwide are unbanked but they have payment needs just like everybody else.
ATMs would allow individuals to buy Apollo (APL) using fiat cash. Most cryptocurrencies require computer knowledge to buy, spend and trade digital funds. However, this can limit adoption to the tech-savvy crowd.
Cash and crypto dispensing machines are easy to use, convenient, and located near consumers. Moreover, they gain trust from users. There are more than 3,000 Bitcoin (BTC) ATMs globally and that’s what helped to increase BTC adoption everywhere.
The team is also exploring mobile options that would allow anyone with a phone to buy and transfer Apollo. Other cryptocurrency projects have pursued this approach and we’ll explore its viability. There’ll be 5 billion mobile phones worldwide by 2019. Phones are useful for communicating but in the digital age, they’re becoming platforms for exchanging tokenized value.
Moreover, there might be ways to bring blockchain-powered APL to physical form. The Apollo team is looking into creating a physical currency, such as a bill or coin, that would be tied to blockchain. Bitcoin (BTC) and other top cryptos have similar solutions.
Under this approach, anyone would be able to buy, sell and spend APL even if they don’t have a bank account or mobile phone. Such an Apollo physical currency would be helpful to people who live in countries that have unstable fiat currencies and/or mismanaged economies.
Cryptos and tokenized assets are the digital monies of Web 3.0 economy. A connected world requires frictionless and trustless mediums of exchange. ATMs and physical buy locations can increase global adoption.
Apollo all-in-one privacy currency (APL) has fixed supply and 0% inflation. It combines all mainstream features in an unregulatable platform. APL is also one of the fastest cryptos anywhere with 2-second block speed.
With the launch of Olympus Protocol 2.0 APL offers the best privacy in the industry by obfuscating your physical location and transaction details. (See announcement and YouTube video.) A forthcoming 3.0 version will add more privacy tech such as Advanced IP Masking, Private Ledger, and Decentralized Exchange.
By combining encrypted-data IP Masking, people who live in restrictive jurisdictions such as China (where Tor is blocked) can still transact using Apollo.
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