Purchases made with Bitcoin are discrete. Unless the user decides to publish their Bitcoin transactions, there is never a link between the transaction and the individual’s personal identity. This is similar to a cash-only purchase. If something is purchased in cash, it is difficult to track it back to the individual who did the purchasing. This is just one of the many reasons why Bitcoin ATM locations in Jackson, MS, are so popular.
The nice thing about Bitcoin is that anonymous addresses are generated for the user. These anonymous addresses change with each transaction. Recent news with the Colonial Pipeline Company and ransomware breach makes it clear that Bitcoin transactions are not 100 percent anonymous. Nor are they 100 percent untraceable. However, it is a lot harder to link a person’s personal identity to a transaction than it is with other forms of traditional payment.
For example, if a person purchases something with a credit card, there is no question as to who did the purchasing, when the purchase was made, and how much was paid. The same thing applies with using online payment services or transfers from a banking institution.
This discretion that has led to an increased interest in Bitcoin ATM locations in Jackson, MS, should not be confused with nefarious activities. There are a lot of valid reasons why a person would not want the financial moves they make to be tracked by others. They may simply want to maintain their privacy.
Learn how RockItCoin Bitcoin ATM is helping people make discrete transactions with their ATMs and kiosks by visiting this website.
