Bitcoin is now available in more than 16 000 ATMs across United Kingdom
Cryptocurrency holders can now cash out their bitcoin at 16 000 ATMs across the UK thanks to a collaboration between East London-based Cryptocurrency company BitcoinPoint and independent cash machine operator Cashzone.
According to a recent announcement, Bitcoin users can now convert their cryptocurrencies into cash across over 16 000 ATMs in the UK.
Bitcoin owners will now be able to sell their bitcoins at 16 000 Cashzone ATMs across the UK under an agreement reached with London-based cryptocurrency company BitcoinPoint.
Under the terms of the agreement, once registered, Cashzone users will be able to enter a withdrawal amount on BitcoinPoint’s website and scan a QR code. Users will then receive an SMS message with a pin code to be entered at a Coinzone ATM.
BitcoinPoint CEO Benoit Marzouk said that ATMs are in demand because registering with a cryptocurrency exchange can be challenging for non-technical people, adding that the scarce availability of Bitcoin ATMs makes Bitcoin accessibility problematic.
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