The marketplace for cryptocurrency appears to have given its consent to Tether and the USDT coin, with the price still around 1 USD, other crypto-based companies are hesitant to engage in the currency following the most recent series of allegations. Tether updated its official website policy to no longer state U.S. dollar backing for USDT, giving a form of legal escape for their current predicament. In that release, Tether’s lawyers claimed that the company had cash and cash-equivalent to cover.
Union Bank is soon to install the first cryptocurrency-enabled ATM in the Philippines. The crypto ATMs aims to be installed back in February, but due to several months of delay, the first ATM is now active in the digital branch of Union Bank located in The ARK, Makati City and requires the users to have crypto wallet set-up to use the service.
Approval has been granted to the Unionbank Philippines by the country’s central bank which allows them to launch a new two-way crypto ATM. The approval granted is indeed good news to all the cryptocurrency enthusiasts in the country as it will make virtual currency reachable by enabling them to convert their fiat currency (pesos) into cryptocurrency and vice versa.
The Department of Financial Services (DFS) of New York has granted Robinhood Crypto a license which allows the user to use their debit cards to purchase Bitcoin at selective ATMs. DFS in its statement, “…is the first DFS virtual currency licensee to allow customers to use debit cards to purchase bitcoin from traditional ATMs.”
The bitcoin and crypto service company that also extends ATM services, Bity, has announced the addition of Monero to its ATM network. The users would be able to purchase the crypto in all its ATMs. Recently, the crypto ‘Ether’ (ETH) was also added to the network. The users would be able to buy BTC, ETH, and XMR with CHF or EUR.
As the cryptocurrency interest is increasing in the U.S., DigitalMint has revealed that they will be installing more cryptocurrency ATMs across the United States. DigitalMint believes that they could avoid any losses caused by the chargebacks or transaction reversals from the customer’s credit card and shared that they will be opening a retail outlet soon in the Idaho city.
It is predicted that nearly 30 cryptocurrency automated teller machines will be installed in Argentina to exploit peso volatility. The Argentina operations manager for Athena Bitcoin, Dante Galeazzi explained, “Today, the cryptocurrency ATMs in the world are growing exponentially. In Argentina, there were no commercial ATMs and the idea was to be the first to capture the market.”
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.
A crypto entrepreneur, Stefanos Getsopoulos has revealed that his company would be installing three Bitcoin ATMs. The first crypto ATM was launched in Greece in the mid of 2015. The Coinatmradar.com reveal that there are four crypto ATMs operating in the Athens, and one in Thessaloniki. Reportedly, many companies plan to install such machines in the near future.
New software has been introduced by Virtual Crypto Technologies to make Bitcoin available in the traditional ATMs for buying and selling purposes. The CEO of Virtual Crypto Technologies, Alon Dayan explained, “By enabling the ability to buy and selling cryptocurrency at regular ATMs, we will facilitate an unprecedented boom in making this payment option a standard.”