“Crypto Nation” Malta has now its first two-way Bitcoin ATM. The announcement comes as a result of the increasing rate of crypto adoption.
The teller machine is established at the Quicklets head office, Silmea seafront. The launch event gathered numerous personalities, including financial and crypto experts as well as blockchain amateurs. On the launch day, the developers provided a presentation on how to use the country’s first BATM.
According to Times of Malta, the automatic teller machine “allows users to both sell and purchase cryptocurrencies in real time and currently offers bitcoin and litecoin“. Developers promise support for more cryptocurrencies in the near future. From now on, residents have the opportunity to buy and sell crypto assets via a secure and known method. Users can opt for a paper wallet plus public and private keys.
Quicklets founder and Chief Executive Officer Steve Mercieca stated:
“Quicklets has always been at the forefront of supporting new technologies in the market. This is the second cryptocurrency ATM the QLZH Group is hosting in its offices. We believe that this is a vision in the future showing us what one day will become an everyday means of transaction.”
Moon Zebra stands behind the BATM
The Maltese Bitcoin ATM was established by Moon Zebra, a national startup that deals with installing crypto ATMs.
“When we were approached by Moon Zebra to set up this ATM in our head office we were immediately convinced as this falls perfectly in line with the prop-tech strategy we run our business on,” Mercieca revealed.
Malta is neither the first nor the last country to own crypto ATMs. The United States of America leads the top with a record number of 2133 cryptocurrency ATMs. Canada boasts 602 crypto ATMs, the United Kingdom with 166, while Austria holds 144 crypto automatic teller machines.
As reported in June by Coindoo, Amsterdam Schiphol Airport has become the first European airport to offer cryptocurrency exchange solutions via Bitcoin and Ethereum ATMs.