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.
From CT auf Deutsch: a highly active BaFin and a bankruptcy filing from an Austrian crypto ATM start-up lead the week’s news from the German-speaking world.
Crypto News From the German-Speaking World: Week in Review
In a mall located in Washington DC, two alleged thieves have been reportedly filmed by security cameras as they stole a Bitcoin ATM.
Two Thieves Caught on Tape Stealing Bitcoin ATM in the US
LibertyX, the firm that launched America’s first Bitcoin ATM, will add 90 new machines by teaming up with DesertATM.
Bitcoin ATM Firm LibertyX Expands Locations via New Partnership
Cryptocurrency services firm Prasos has received a payment institution license from a Finnish regulator, allowing it to offer payment services in EEA countries.
Prasos Secures Payment Institution License From Finnish Watchdog
Canadian crypto exchange Coinsquare announced an initiative to turn “millions” of ATMs to bitcoin teller machines.
Canadian Startup Wants to Upgrade Millions of ATMs to Sell Bitcoin
The U.S. remains easily the largest market for the machines as competition for new bitcoin on-ramps continues to heat up.
There Are Now More Than 5,000 Bitcoin ATMs Around the World
The city of Vancouver, Canada, is considering banning bitcoin automated teller machines due to money laundering issues.
Canada: Vancouver Mayor Suggests Ban on Bitcoin ATMs