In brief
#News Release: Widely Available ATM Access in the UK Brings Bitcoin Ever Closer To Mass Adoption https://t.co/PLeVQw360M
— BitcoinPoint (@BitcoinPoint_) December 23, 2020
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-0.05%Reading
About 16,000 ATMs across the United Kingdom now offer Bitcoin holders the chance to sell their coins, thanks to a deal between crypto company BitcoinPoint and ATM operator Cashzone.
The partnership between BitcoinPoint and Cashzone will enable Bitcoin holders to cash out their cryptocurrency at Cashzone ATMs located throughout the UK.
The move will increase access to Bitcoin among mainstream consumers, explained Benoit Marzouk, chief executive at BitcoinPoint. “Since registering on a crypto exchange could be a complex process for non-tech savvy people, the scarce availability of Bitcoin ATMs made accessibility of Bitcoin problematic,” he said in a prepared release.
#News Release: Widely Available ATM Access in the UK Brings Bitcoin Ever Closer To Mass Adoption https://t.co/PLeVQw360M
— BitcoinPoint (@BitcoinPoint_) December 23, 2020
To use the Cashzone ATMs’ Bitcoin facility, users need to register with the BitcoinPoint website, enter the amount they would like to withdraw (in multiples of £10), scan a QR code, and enter a PIN code that will be received by SMS message. The PIN code can then be entered at a Cashzone ATM; no card or bank membership is required for the transaction.
Dedicated Bitcoin ATMs have also been seeing growth around the world. In September of this year, the total number of Bitcoin ATMs—or BATMs—reached 10,000, with worldwide installations increasing by 167% year-on-year; over a thousand opened in November alone. What’s more, websites like CoinATMRadar now allow users to find a Bitcoin ATM close to them.
In October of this year, there were even reports that LibertyX—who manufacture Bitcoin ATMs—came across a BATM at a Tesla gigafactory.
The news comes amidst a strong finish to the year for Bitcoin. In late November, the cryptocurrency broke what was then an all-time high before experiencing a price correction just before reaching the ever-elusive $20,000 bracket.
Just over two weeks later, Bitcoin smashed past that $20,000 bracket on its way to registering an all-time high price above $24,000.
A question of three Bitcoin ATMs—all at Tesla sites in Nevada and California—has stumped Twitter. Will Reeves, CEO of Bitcoin rewards app Fold, tweeted Saturday that there is a Bitcoin ATM at a Tesla gigafactory. LibertyX, makers of Bitcoin ATMs, followed this up claiming that there are, in fact, three Bitcoin ATMs at three gigafactories across the US. And yet, Tesla CEO Elon Musk says otherwise. I don’t think this is accurate — Elon Musk (@elonmusk) October 12, 2020 It appears that the confu...
Overall, Bitcoin has experienced a price increase of about 230% since starting the year at approximately $7,200.
While other major cryptocurrencies are embroiled in regulatory battles with lawmakers in the United States, making Bitcoin accessible at cash machines could help the cryptocurrency establish itself as the mainstream option for new investors.
OpenAI is removing limits on how much money investors can make while keeping its nonprofit in charge, converting its current business arm into a "public benefit company," a type of for-profit business that needs to consider both making money and serving the public good. "We want to be able to operate and get resources in such a way that we can make our services broadly available to all of humanity," CEO Sam Altman stated in a letter published Monday. The move places it at temporary odds with maj...
Riot Platforms sold $38.8 million worth of Bitcoin in April, as the second-largest publicly traded Bitcoin miner by market capitalization moves to shore up liquidity amid tightening margins across the mining sector. The Castle Rock, Colo.–based firm offloaded 475 BTC last month at an average price of $81,731 per coin, according to its operations update on Monday. Riot mined 463 of those tokens in April, with the remaining 12 drawn from reserves. The company retained 19,211 BTC on its balance sh...
Semler Scientific snapped up 167 Bitcoins worth $16.2 million between April 30 and May 2, bringing the number of tokens in its BTC treasury to 3,634, according to the firm’s regulatory disclosure filed on Monday. The medical device firm's Bitcoin treasury is worth $342 million based on Bitcoin’s price of $94,286 as of the time of writing, according to crypto data provider CoinGecko. Semler Scientific stock is trading at $34.10, down 5% over the past day. However, the stock’s value has grown ro...