Tag: ATM

Indian crypto exchange Unocoin acknowledged that it is launching country’s first crypto ATM, touted to support at least five cryptocurrencies, as reported by Inc42 on October 12, 2018. The news comes in a tensed moment as the country’s highest judicial forum, the Supreme Court of India, is to declare the verdict on the crypto banking blockade that crippled the local…

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According to cryptocurrency ATM providers Athena Bitcoin and the Odyssey Group, by the end of 2018, Argentina could have up to 30 Bitcoin ATMs. Reuters published an article on October 4, 2018, mentioning that these cryptocurrency ATM providers are keen to tap into the South American market and take advantage of the current Argentinian economic crisis and to expand their…

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In Melbourne’s West, scammers posing as debt collectors conned victims to deposit over $50,000 into a Bitcoin ATM. According to The Sydney Morning Herald’s article published on October 5, 2018, the four victims who were believed to be migrants, were threatened with an arrest if they failed to pay the total amount. Victims Deposit Funds Into Bitcoin ATM According to…

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Even though bitcoin is going through a bear phase along with the rest of the cryptocurrency market, their ATMs are increasing in number. According to Statista, the number of bitcoin ATMs has grown from a mere 500 in January 2016 to over 2500 in April 2018. The majority of these ATMs have been set up in places where the average…

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Travelers to Amsterdam Schiphol Airport can now exchange “loose change” for bitcoin at the end of their trip. Bitcoin ATM Schiphol Airport authorities announced on June 20, 2018, the installation of a “Bitcoin ATM” to allows travelers to convert the euro to ether (ETH) and bitcoin (BTC). The ATM will be present at the premises until January 2019 as part…

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A post from Bitheus’ blog, a German-based Bitcoin ATM company, they announced that they had been sabotaged by an employee over an extended period of time. At the time of the announcement on September 21, at least 18 out of more than 30 of the BitXatm Bitcoin ATM’s, also known as Bitcoin Teller Machines (BTM’s), were affected, with no recourse…

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In a cash-centric world, ATM machines have a proven track record for facilitating economic exchange through the dispensing of cash and, in some cases, deposit acceptance. Now over the course of several years, Bitcoin Teller Machines (BTMs) offering similar features and beyond are being situated in various locales throughout the world, with the goal of further narrowing the conversion gap…

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When it comes to dealing with Bitcoin exchanges, novice cryptocurrency users struggle with the concept of not dealing with physical entities. While very Bitcoin exchanges have an office in a physical location, one cannot just walk inside to buy or sell Bitcoin. That is coming to change, in Moscow of all places, where the first physical Bitcoin exchange office in…

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