The bitcoin revolution is taking the world by storm – and Cyprus is certainly no exception to this rule.
Hello Group, a Fintech company based in the island country announced the launch of the country’s first ever Bitcoin ATM in Limassol. Installed with the sole aim of helping people make their bitcoin transactions in a way that is most safe and secure, the ATM will be directly in contact with the top cryptocurrency exchange agencies to provide the highest rates available.
Set to be installed under Hello Group’s Limassol office in the Pitta & More café-restaurant, the ATM will allow customers to directly download bitcoin wallets by making a QR scan with their smartphone. To buy bitcoins using the machine, the buyer will simply need to scan their own wallet’s QR code.
The company made further statements to supplement its announcement, saying that the introduction of a Bitcoin ATM in the island country will spread awareness about the rapidly-growing bitcoin industry and give the relatively new blockchain and cryptocurrency currency industry a much-welcome boost.
Coincidentally, this news comes at around the same time as the announcement of rise of Bitcoin’s value to more than $10,000. Needless to say, the announcement of news such as this will serve to affirm the strength of what is indeed the most valuable cryptocurrency in the world.
The ATM will be located at Pitta & More — 56 Griva Digeni, Limassol, Cyprus