Over the coming months 150 Bitcoin ATMs will be installed in the Ukraine.
Of those 150, roughly 30 ATMs are set to be installed by the end of the summer on the streets of Kiev. Which is the capital city of Ukraine.
That 150 number by the end of the year is quite ambitious. It works out to almost 1 new ATM created every single day from here on out.
Michael Chobanian, founder of the Kuna Cryptocurrency Exchange had this to say:
"By the end of the year, around 150 Bitcoin ATMs will be installed throughout Ukraine. This is at the request of one customer who contacted us. Plus, there is a constant demand from entrepreneurs across Ukraine who want to engage in this business, that is, buy terminals and sell cryptocurrencies."
Did you catch that part in the middle, "the request of one customer"?!
One customer?! Really?
That must be one pretty influential individual!
Currently there is only one BTM (Bitcoin ATM) in Ukraine according to Coinatmradar. Coinatmradar is a website that tracks BTMs globally.
This lone BTM is the first one in the country and is located in Odessa, a port city in Southern Ukraine. It was installed in late April of this year.
There are other places to "buy" bitcoin from machines in Ukraine, however.
The reason "buy" is in quotation marks is because you can't actually buy the coin, instead you buy a voucher for the coin.
Currently, there are about 4,000 terminals that sell bitcoin vouchers that customers can then redeem for bitcoins on the BTCU website.
The BTMs to be installed later this year look to cut out the middle man and let customers interact directly with Bitcoin.
These new BTMs will support Bitcoin, Ether, Waves, and Golos.
Did you hear that Steemians?
Golos will also be accepted at these BTMs in Ukraine!
The reason that it is interesting to Steemians is because a while back Golos were created as the Russian version of Steemit.com. In fact, Steem holders were credited with a certain number of Golos at the time of the drop.
The site can be accessed here:
Perhaps these BTMs can help drive some demand for the currency?!
The beauty of Ukraine...
Michael Chobanian went on to further explain that anyone can get into this Bitcoin ATM business.
Specifically he had this to say:
"There is no need to obtain any licenses for this activity. No one gets licenses for coffee machine businesses. This is the beauty of Ukraine."
No licenses? No endless run around from bureaucracy?
Must be nice...
The beauty of Ukraine indeed!
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