Transferring money over traditional channels may involve a lot of queuing in lines these days. Authorities around the world are trying to prevent large groups of people gathering in confined spaces to reduce the risk of transmitting the coronavirus infection. Remittances are a lifeline for people in many countries and cryptocurrency ATMs provide a way to send cash to loved ones without visiting a crowded bank office.

Crypto ATM Transfers Safer Than Bank Wires in More Than One Way

The COVID-19 epidemic has already closed many public spaces across the globe. Those that remain open are subject to restrictions regarding the number of people allowed to gather at one time. Banks and money transfer institutions are likely to remain open even when many other businesses are closed. Visiting any office during the coronavirus outbreak, however, is considered a high risk by health officials. Not to mention cash withdrawal limits that can be imposed at any moment during crises like this one.

Cash is becoming an emergency item in the current coronavirus epidemic.

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Originally posted by:

Lubomir Tassev

www.news.bitcoin.com

March 16th, 2020