New Bitcoin ATMs: SF gets first BTM as Argentina, Germany and Italy get more locations
More and more Bitcoin ATMs are popping up in various locations all over the world.
Bitcoin teller machines (BTM) network has been recently expanding with new Bitcoin ATMS appearing all around the world. Time has come for next countries and cities to introduce these machines and allow their citizens to enjoy easy access to digital currencies. From now on Buenos Aires, Bochum, San Francisco and Reggio Emilia will have the BTMS of their own.
However, it is not the end of good news for Bitcoin community. This month has also brought a technological novelty from Robocoin, BTM manufacturer. The company has decided to introduce PalmSecure, a biometric technology which will improve the security of future Bitcoin ATMS.
Bitcoin ATM in Argentina
Argentina received more Bitcoin ATMs which opened for business in one restaurant in Buenos Aires. Bar and restaurant Antidomingo can be found in the city’s residential suburb in Pinto 4860. The installation of this one-way BTM was initiated by Daniel Alós, who got help from Sebastián Serrano from BitPagos to make it come true. The machine only accepts Argentinean pesos, has a user-friendly interface and is operating with open-source code which enables users from around the world to propose changes.
“The Bitcoin ATM is unidirectional,” said Alós to PanAm Post. “The machine sells you bitcoins for pesos… a traditional ATM [that releases pesos] would have been much more expensive, larger, and heavier. This machine is super small and compact. We brought it over from the Amsterdam Bitcoin Conference.”
The restaurant’s visitors can already have a drink with their newly bought bitcoins, but in the future, Alós plans to offer discount for Bitcoin payments as well. The enthusiast claims that by now he was notified about other places, like University of San Andrés, interested in installing Bitcoin ATMS.
According to Argentinian law, in case of small business, Bitcoin is treated like cash and does not cause any troubles, but the problem may arise when it comes to Bitcoin ATMS. Argentina has introduced an exchange limit of AR $1,000 on ATM withdrawals. Daniel Rybnik, a lawyer specialized in cryptocurrency, expla