Cyprus sees the first Bitcoin ATM
TechnologyBit News Today1 min read
Cyprus is also participating in the global surge of bitcoin. On a Wednesday, Cyprus-based financial technology firm Hello Group revealed the rollout of the country's first Bitcoin ATM in Limassol. The ATM, installed in the Pitta & More café-restaurant under Hello Group’s Limassol office, opens up a simple and secure way to purchase the world's most valuable cryptocurrency.
Purchasing bitcoin requires customers merely to scan their wallet's QR code at the machine. Smartphone users can also download a bitcoin wallet directly by scanning a QR code at the terminal. The machine provides the highest rates available, being directly in contact with top cryptocurrency exchange agencies.
The machine's rollout arrived as bitcoin's price climbed past $10,000. This development further reaffirms the strength of the world's most valuable cryptocurrency. Hello Group emphasizes that this move will spread awareness about the fast-growing bitcoin industry and blockchain world in Cyprus, which is still relatively new to the country. The ATM's launch is expected to give the relatively new industry a much-welcome boost.
