Sweden’s first Bitcoin ATM finds a home

We reported last week that a Swedish startup had built the country’s first Bitcoin ATM, and now we can confirm that the ATM has found a permanent home.

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Sweden’s first Bitcoin ATM finds a home

We reported last week that a Swedish startup had built the country’s first Bitcoin ATM, and now we can confirm that the ATM has found a permanent home.

Any Bitcoin users in Stockholm can find the Safello Bitcoin ATM at the Hilton Stockholm Slussen Hotel, on Guldgränd right where the Old Town and the Södermalm district meet.

The machine will allow users to exchange cash for Bitcoins.

Safello debuted their ATM at the STHLM TECH’s Meetup earlier this week, only a month after having even announced the project.

With its multi-step security protocols, the ATM is not immediately available to use for just anyone off the street. If you are going to Stockholm and plan to try swapping cash for Bitcoins at the machine, first go to Safello’s website and register.

Meanwhile, there was some skepticism at this week’s tech meetup in Stockholm. A local newspaper, Metro, quotes one savings economist as saying Bitcoin’s “value varies terribly much. It’s an interesting exchange, but people don’t want excitement when it comes to their money. They want security.”

Safello was founded earlier this summer and began trading Bitcoins as late as August. “Bitcoin Jesus” Roger Ver is among the first to lavish praise on the startup.

Elsewhere, Bitcoin ATMs have found homes in other northern cities. The first such ATM was installed in a Vancouver coffee shop in the fall, and local newspapers have reported weekly transactions at about 1 million CAD.

At the time of writing, 1 Bitcoin is trading for just more than 6,000 Swedish kronor.

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