Australia set for an explosion of Bitcoin ATMs

https://finance.nine.com.au/2017/09/04/15/41/australia-could-soon-receive-bitcoin-atms

Bitcoin could soon leave the realm of dark web transactions and enter broad daylight in the form of ATMs on every street corner thanks to a pair of ASX-listed companies.

A joint venture between blockchain firm DigitalX and ATM provider Stargroup could see a “large-scale” rollout of machines that allow Australians to buy and sell Bitcoin.

Announcing the cooperation to the market this morning, Stargroup’s CEO Todd Zani said the project could put the management of cryptocurrencies into the hands of ordinary Australians.

“Stargroup is pleased to partner with DigitalX on this project and leverage its unique ownership of its ATM manufacturer to develop a two-way ATM where a Bitcoin owner can not only buy Bitcoin but more importantly can cash their Bitcoin out,” said Zani.

“This development may also be able to be applied to other cryptocurrencies and be distributed internationally.”

Currently there less than 20 ATMs in Australia that can facilitate a Bitcoin transaction.

If the venture is successful, Australians will be able to acquire Bitcoin via the ATM, and add it to their digital “Bitcoin wallet”. Because the ATMs will be two-way, users will also be able to cash out their Bitcoin into cash.

The cryptocurrency has boomed in recent weeks, with Bitcoin hitting an all-time high of $4,950 on Friday the 1st of September.

As the currency grows in use and legitimacy, so too does its wholesale value: for instance, if you were to purchase $100 worth of Bitcoin in 2010 you’d now be sitting on almost $75 million.

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we watched bitcoin be birthed..and we have watched it climb..i wish i had 10 bitcoins from back in the day..

“As the currency grows in use and legitimacy, so too does its wholesale value: for instance, if you were to purchase $100 worth of Bitcoin in 2010 you’d now be sitting on almost $75 million.”

easy money?

“A joint venture between blockchain firm DigitalX and ATM provider Stargroup could see a “large-scale” rollout of machines that allow Australians to buy and sell Bitcoin.”

stargroup eh?

401

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~ by seeker401 on September 8, 2017.

One Response to “Australia set for an explosion of Bitcoin ATMs”

  1. $75 Million… really. can it be that easy to convert to that much cash?

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