Bitcoin ATMs, also called BTMs or Bitcoin Teller Machines, which turn cash into the virtual currency, are starting to appear across the globe, with new machines operating in the United States, Australia, South Africa and the Isle of Man, Cointelegraph reports.
BTMs are very similar to regular cash withdrawal machines, but they only allow customers to deposit money in exchange for bitcoins and do not offer cash withdrawals. They offer an alternative way of converting cash into bitcoins for people who do not have a traditional bank account or simply want to avoid online currency exchanges.
The world’s first BTM opened in Vancouver, Canada, in October 2013.
Manhattan’s first BTM was started operating in the West Village on Thursday. It was installed at Flat 128, a luxury store that sells jewelry and household goods.
to read more: en.ria.ru
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