Coinsquare (cryptoexchange based in Canada) has made a controlling investment in Just Cash (USA-based fintech startup) that has developed a software that allows users to purchase crypto directly through traditional ATM machines. Coinsquare BD head Gabriel commented, “It can also work on ATMs outside of US, but we think we can deploy relatively quickly through our manufacturing partners,”
A partnership was established between one of the largest ATM providers in Saudia Arabia, Alhamrani Universal with an identity platform based in the U.S, ShoCard. The collaboration aims to bring revolutionary innovation in the banking system, that is to test the blockchain-powered face recognition technology to numerous ATMs in the country.
A collaboration has been made between Alhamrani, the largest ATM provider in Saudi Arabia with a blockchain-based identity authentication platform, ShoCard to develop a blockchain secured biometric ATMs. The CEO of Alhamrani Universal, Tariq Abdat said, “We’re delighted to be working with ShoCard to develop a blockchain-based biometric ATM that will play a major role in helping consumers.”
The first Crypto ATM as announced by the Unocoin was launched in Bengaluru’s Kemp Fort Mall. The ATM supports the processing of deposits and withdrawals to trade with cryptocurrencies through the Unocoin. The digital currency exchange also expressed its intention to install such a machine in Mumbai and New Delhi. The company believes that such ATMs do not affect the banking system.
A new line of cryptocurrency ATMs called ‘Sintra’ has been launched recently by a Portuguese Bitcoin ATM manufacturer, Lamassu. The new cryptocurrency ATMs introduced by Lamassu will be supporting major cryptocurrencies such as BTC, BCH, LTC, ETH, DASH, ZEC. Apart from that, the operators of the ATM machine will be able to adjust fees, commissions and many more.
The Russian authority has recently seized a total of 22 Bitcoin ATMs without any warning or explanation given. The Prosecutor General’s Office in Russia explained regarding the move made by the Russian authority, “I was told verbally that the inspection would take at least six months and that the ATMs wouldn’t be returned until it’s finished.”
The Bitcoin ATM provider, CoinFlip has extended support to Dash. The digital currency will be available in CoinFlip ATM accessible from 175 and more ATMs located in the U.S. The CoinFlip ATM supports Bitcoin, Ethereum, Litecoin, Tron, OmiseGO, and Dash. In connection with the partnership with Dash, $1000 is to be awarded to a participant and $100 to ten participants.
An announcement has been made by Schiphol Aiport regarding the installation of the country’s first cryptocurrency ATM at the Airport. The director of ByeleX, Herman Vissia said, “With the Bitcoin ATM, we hope to provide a useful service to passengers by allowing them to easily exchange ‘local’ euros for the ‘global’ cryptocurrencies Bitcoin and Ethereum.”
General Bytes has fixed ten bitcoin ATM machines in the Prague subway station in the Czech Republic. They are fixed at Mustek, Nadrazi Veleslavin, Dejvicka, Florenc, Cerny Most, Zlincin, Pankrac, Flora, Skalka and Hlavni Nadrazi. The machines support cryptos such as Dash, Litecoin, and Monero other than bitcoin. The Czech Republic is the seventh country that has the large number of ATMs.
A cryptocurrency ATM is to be launched in Johannesburg, South Africa. The ATM would be supporting cryptocurrencies such as Bitcoin, Ethereum, Dash, and others. It is reported that South Africa already installed a Bitcoin ATM in Midrand during 2014. The incomes generated from cryptocurrency trade are taxable though South African Revenue Service does not regulate.