News
The Agricultural Bank of China previously debuted digital yuan ATMs this January.
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ATM News
ATM (automated teller machine) is an electronic device that is used by financial services to provide various operations for their customers. The most commonly used ATM transactions are cash deposits and withdrawals, transferring funds and obtaining account information. Some current ATMs are also capable of performing such operations as selling train and lottery tickets, offering an opportunity for charitable donations and retailing concert tickets. The outburst of the popularity of cryptocurrency has also influenced ATMs and led to the development of cryptocurrency ATMs. The most popular of them is, of course, Bitcoin ATMs that allow people to exchange Bitcoin for cash, but one can also find Litecoin and Ethereum ATMs. However, crypto ATMs are not an ATM in the traditional sense, as it is not connected to a bank account, but to the Bitcoin exchange itself.
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The World Bank has refused to support El Salvador’s request for help in the transition to use Bitcoin as legal tender.
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Worldwide, close to 10,000 new Bitcoin ATMs have been installed since March 1, 2020.
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U.S. citizens can now purchase Dogecoin from ATMs in 45 of the country’s 50 states.
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Crypto industry concern mounts ahead of the likely introduction of a bill to ban retail traders from cryptocurrency activities in Hong Kong.
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Crypto proponents in Hong Kong say incoming cryptocurrency regulations could preclude citizens from using Bitcoin ATMs.
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Crypto debit cards have gained popularity in recent years, and one company is aiming to gain an upper hand over rivals by eliminating downsides and offering competitive perks.
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Upstart blockchain firm Bots Inc. claims it can demand between $14 million and $18 million in monthly revenue after acquiring a patent to Bitcoin ATM technology last month.
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New machines are now coming online at a rate of nearly 1 per hour
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The country is relatively new to crypto adoption, but is building momentum quickly.
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LibertyX wants to provide instant Bitcoin cashouts as the token hits new 2020 highs.
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Check out this week’s Bad Crypto podcast.
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CipherTrace has published comprehensive guidance intended to help law enforcement identify signs of crypto usage when conducting investigations.
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Two thieves have destroyed the front wall of a deli in Canada after a failed attempt to steal a Bitcoin ATM.
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2020 has witnessed a surge in the number of ATMs supporting digital coins.
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