Amsterdam Airport Installed ATM For Euro-to-Crypto Exchange
On Wednesday the airport made an announcement in which it revealed it is evaluating the demand for the two most import cryptocurrencies among passengers over a six-month period in an initiative that hasn’t been applied by any European airport.
The airport strategically located the ATM near the departures terminal, allowing outbound passengers to convert what’s left of their euros into one of the two biggest cryptocurrencies by market cap.
More exactly, the crypto ATM is placed in Arrival Hall 2 which can also be accessed by the corridor to Departure Halls 1 and 2 where departing passengers pass by.
Amsterdam Airport Schiphol’s director of consumer products and services Tanja Dik mentioned in one of their statements the following:
“With the Bitcoin ATM, we hope to provide a useful service to passengers by allowing them to easily exchange ‘local’ euros for the ‘global’ cryptocurrencies Bitcoin and Ethereum. That can be beneficial if, for instance, it’s not possible to spend euros in their home country.”
The 2-way ATM accepts only euro bills and its installation is due to the airport’s partnership with ByeleX, a software services firm based in the Netherlands which provides crypto ATMs via its subsidiary ‘Byecoin’.
The innovative concept of letting travelers use cryptocurrencies such as bitcoin at international airports to bypass heightened fees resulted from currency conversion is spreading among airport companies worldwide.
Amsterdam is just one of the many airlines that have started being acceptant of cryptocurrency Earlier this year, Australia’s Brisbane airport, the third-busiest airport by passenger traffic in the country, made available crypto payments at several retail establishments in two of its terminals. The terminals can be accessed by passengers that are both boarding and departing.