Bitcoin ATMs — reality or fairytales?

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Photo: Bitcoin ATM
Bitcoin ATMs — reality or fairytales?

Most professionals in different spheres of cryptocurrencies agree on the fact that cryptocurrencies will soon spread all over the world and will be used as a digital gold, or even as a legal method of payment. Thus, Bitcoin ATMs are also becoming a reality. There is a huge number of such ATMs in Japan, where BTC is legalised, but nowadays even small European countries start using Bitcoin ATMs — they appear in supermarkets, bus stops, post offices and even art galleries. For example, according to the report of the Maltese Chamber, the Bitcoin ATM was located in the city of Sliema, where it is managed by venture trading. Services include the ability to convert Bitcoin into euros.

Introduced by a local start-up Ivaja the startup focuses on turning Malta into “Bitcoin Island”. However, according to the mission statement from their reverse page, critics argue that Malta is “too far behind and not ready for bitcoins.”

There are more than 1,392 cash machines located in 57 countries in Europe, Asia and America. The largest share falls to the United States with a current total of 928 in more than 35 states. Canada has 195, while Great Britain ranks third with 71, according to the Coin ATM rocket.


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