Trilliant could be the first physical face of cryptocurrencies
Bitcoin is on the cusp of going mainstream but it is evident a vital component is missing - the lack of ATMs. This is a void in infrastructure Trilliant aims to fill
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The last 12 months has seen major breakthroughs made for cryptocurrencies. Now Trilliant could be the first physical face of cryptocurrencies.
Bitcoin, and alternative forms of cryptocurrency, such as Ethereum and Ripple – even third generation currencies, like EOS and IOTA have begun to find their way onto an expansive range of cryptocurrency exchanges.
In 2018, Bitcoin is on the cusp of going mainstream. The surge of many blockchain-based enterprises and newly-created vehicles of valuation is changing the way that companies operate. However, this newly emerging market is not without its challenges and mainstream adoption still depends on the ability to conveniently buy and sell with various cryptocurrencies.
However, it has become glaringly evident that a single vital component that this ecosystem is dependent upon is missing: the lack of ATMs. This is a void in infrastructure that Trilliant aims to fill.
Just about everyone withdraws money from their accounts using a card from one of the thousands of ATM terminals strategically-placed in towns and cities the world over. Trilliant envisions a world where, in the very near future, everyone will be able to withdraw and deposit their cryptocurrency assets at one of their physical next generational terminals.
At present there are less than 2,700 dedicated cryptocurrency ATMs in the world, of which roughly 40% can process altcoins such as Ethereum, Litecoin or EOS. In addition to that, only approximately 30% of the existing ATMs allow users to sell Bitcoin (two-way). Most of the machines are only offering the purchase of coins (one-way). This is something that Trilliant will rectify.
In addition to their ambition of becoming the first physical face of cryptocurrencies, Trilliant will further incentivise customers by offering fractions of the total revenue generated by the ATMs to users. All profits will be added to revenue pool which will then be divided up amongst investors. Known as the 'Fractional Ownership Program for Next Generation Cryptocurrency ATMs,' Trilliant is aiming to encourage everyone, from seasoned investors to neophytes to invest.
Not only that, Trilliant have pledged 2% of the total revenue generated by their ATMs from the transaction fees to their unit holders. This equates to a favourable windfall for unit holders and presents a great opportunity for everyday investors interested in being awarded a stake in the cryptocurrency boom to achieve a favourable investment return – whilst enjoying the comfortable familiarity of an ATM machine for all their deposits and withdrawals.
Sebastian Korbach, Trilliant CEO said, 'Of course, there are companies that produce ATMs, but the only use for their tokens is to pay for hefty transaction fees that users incur whenever withdrawing or depositing money. Here at Trilliant, we really want to give something back.'
Trilliant's Tokens are used to buy Fractional Ownership Units online, which will reduce transaction fees when participants use the ATMs. Stephen Korbach, and his leadership team, anticipate that the first batch of ATMs will be shipped sometime in the autumn of 2018.
Learn more about Trilliant by clicking the link here and reading their Whitepaper . (Can add social channel links to CTA, if provided.)
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