RE: Ten Bitcoin ATMs installed in the Prague subway system!
The capital of the Czech Republic receives ten more Bitcoin machines. The new machines were installed in the local subway network.
The company General Bytes Services is responsible for over a quarter of the world's distributed Bitcoin machines. Now General Bytes Services set up ten Bitcoin ATMs in the Prague subway network. This makes it easier for newcomers in particular to invest in cryptocurrencies and to get in contact with the technology first.
However, you can only buy cryptocurrencies for fiat money on the machines and not exchange cryptocurrencies in Fiat. The installed machines support the crypto currencies Bitcoin, Litecoin, Dash and Monero.
The operation of such a machine is quite simple: You give your fiat money in the machine, selects the desired cryptocurrency, then holds his phone with QR code of the corresponding wallet in front and directly receives the equivalent to the mobile wallet.
Is there an app to download or do you just need to have a public key in the form of a QR code?
I think it's pretty sweet since not everyone is able to open up an account at the exchange. I had a horrible time not opening one but moving the funds to it. The whole process took me almost two months and I almost gave up. I know things are much easier nowadays as few years passed by but this sure is a great way for someone to spend few hundreds buck to get invested. Have a good one. Tomas