Written by William Subergstaff writerReviewed by Igor Belkinformer editorKorea’s Hyosung Now Supports Bitcoin At ATMs, Will Soon Add Ethereum
Latest NewsPublishedNov 17, 2017
Bitcoin support is now available for ATMs from Korean giant Hysoung.
Korean Hyosung, a multi-billion dollar conglomerate involved in ATM manufacturing has announced it will now offer Bitcoin buying support on its machines through a partnership with Just Cash.
The Missouri-based mobile company, which offers mobile-based solutions for customers to obtain cash from ATMs, will now allow any Hyosung ATM client to access Bitcoin.
While official statements are yet to appear regarding motivation for the move, the ATM compatibility upgrade is already available.
Hyosung describes the option “as a great way to introduce customers to the world of cryptocurrencies” as Bitcoin enjoys increasing popularity and reputation among non-technical consumers worldwide.
Bitcoin purchases will produce a paper receipt with a public and private key, with funds accessible via scanning a QR code.
In future, Just Cash will add Bitcoin selling, as well as support for other cryptocurrencies, with Ethereum first in line.
Bitcoin ATMs have developed thick and fast this year, with a spotlight on the US where several operators are vying for supremacy in what is still a market at the start of its journey.
At the same time, often outlandish growth predictions by ATM businesses jar with the still low patronage by Bitcoin users.
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