How Retailers are Driving Customers into Their Stores … Despite COVID-19 What exactly is digital currency? Digital currency can be used to exchange and store value, similar to gold or money. It empowers anyone to complete transactions anywhere in the world, instantly. The most popular is Bitcoin, but they also include other blockchain-based systems like Ethereum, as well as gaming currencies, stablecoins and digital tokens. This new technology allows anyone to manage and control their money without relying on legacy financial institutions.
Q&A with Coin Cloud CEO on How DCMs are Transforming the Retail Landscape The pandemic has created unprecedented challenges in the drugstore industry, on top of the steady channel blurring that has impacted it for years. With the rise of e-commerce and the risk of losing even more traffic, drug store retailers need to continue innovating if they want to attract and retain customers. Historically, self-serve kiosks have offered a solution. They boost the appeal of brick-and-mortar locations by providing easy access to new products and services, all under the same roof. But with more options for online shopping and streaming, even the strongest-performing kiosks like Redbox are seeing a decline in traffic and revenue. During quarantine, digital currency use has actually risen substantially, unlike most products and services. Digital currency machines (DCMs) promise the highest revenue per square foot of all kiosks, and have a solid future in drugstore chains. Drug Store News reached out to Chris McAlary, Founder and CEO of industry leader Coin Cloud, to find out how DCMs can positively impact the drugstore world.
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Who uses digital currency? This might come as a surprise but we see customers from every generation make use of digital currency, including moms, dads, college students, grandparents, employers and investors. Families use it to quickly and easily send money anywhere in the world, while artisans and businesses use it to buy supplies and receive payment from customers. Some view it as an investment vehicle, while others use it for day trading. Digital currency provides the easiest, fastest and safest way to participate in the global economy. Because of this, many of the 47 million immigrants and 55 million unbanked in the U.S. use it to manage their finances.
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Why would someone buy digital currency from a Coin Cloud machine? There are three main reasons why people choose to use a Coin Cloud DCM: Fast: Compared to other methods of purchasing digital currency, Coin Cloud DCMs save time. Instead of having to send your identification and banking information to an online platform, set up slow bank wire processes and wait for days to be approved, Coin Cloud machines let you instantly buy digital currency with just your phone number. Convenient: Coin Cloud DCMs are located in easily accessible places, like drug stores, where people are already going. This makes it just as easy to buy digital currency as it is to pick up a bottle of shampoo or bar of soap. And the interface is very familiar, like a touchscreen mobile device, making the learning curve minimal. Trustworthy: Submitting your personal information to a faceless online exchange can be scary. With a Coin Cloud machine, you have a physical kiosk, a real company name and a customer support number printed right on it. You can’t beat the trust you get from a real-world entity, whether that’s a brick-andmortar store or a kiosk you can touch — not to mention the peace of mind from transacting privately instead of with a person. Coin Cloud offers 30 digital currencies (the most in the industry) and is the only national operator with 100% two-way machines, which allow customers to both buy and sell digital currency with cash. This means eager consumers walking into the store with cash in hand, or withdrawing money to spend at your location.
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We offer the easiest user experience for beginners and the broadest range of currency choices for experts.
12/3/20 8:34 PM