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Cyprus got its first Bitcoin ATM at Limassol

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The launch of the first Bitcoin ATM in Cyprus was announced by the tech company, Hello Group, on Wednesday 30th of November.

The company said the machine provides users a way of purchasing Bitcoin in a simple and secure way. It is directly connected to top worldwide cryptocurrency exchanges “in order to provide the best possible prices on the market”.

The ATM is set up at the Pitta & More café-restaurant at Limassol, 56 Griva Digeni St., under Hello Group’s Limassol office.

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All a buyer needs to buy bitcoin with the machine is to scan their wallet’s QR code. The machine offers a direct wallet download by means of a QR scan with a smartphone.

“The cryptocurrency and blockchain world is still relatively new to Cyprus, so the introduction of a Bitcoin ATM is sure to raise awareness of this fast-growing industry,” the company said.

The introduction of the Hello Group BATM coincides with Bitcoin’s recent rise above $10,000, “further reaffirming the strength of the world’s most valuable cryptocurrency”.

The cryptocurrency and blockchain world is still relatively new to Cyprus, so the introduction of a Bitcoin ATM is sure to raise awareness of this fast-growing industry to the country

With information from Cyprus-mail.