Macau: Bitcoin is marauding into the far East

Wednesday 18 June 2014 13:16 CET | News

The first Bitcoin-based ATMs are about to launch in Macau, according to intelligence shared by Hong Kong-based ATM distributor Coinnect, reports.

Via the Coinnect-branded ATMs, which are manufactured by the US-based development company Genesis Coin, consumers can top up their Bitcoin balance by using cash or vice versa, the same source reports.

The Bitcoin ATM machines allow customers to sell Bitcoins and other altcoins by activating their personal e-wallet installed as a mobile phone application and obtain flat money directly in front of the machine.

Following the launch of the ATMs, Coinnect also plans to launch around 20 Bitcoin exchange kiosks in Hong Kong and Macau.

Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Keywords: Macau, Bitcoin, digital currency, crypto-currency, online paymensts, online sales, ATM, Bitcoin Exchange
Categories: Payments & Commerce
Countries: World
This article is part of category

Payments & Commerce

Industry Events