Bitcoin makes inroads with new ATM in Kouvola

BitsPlan

Nainen Bitcoin-automaatilla.

Helsinki’s Kamppi shopping centre installed a Bitcoin ATM two years ago.

Image: Yle

Kuusankoski businessman Toni Rauhamäki is the man behind the expansion of the Bitcoin to the southeastern city of Kouvola. He said he wanted to install a physical machine that would allow residents to trade their cash for virtual Bitcoin.

Once it’s installed at the end of October, the Kouvola machine will become the ninth Bitcoin ATM in Finland. In addition to the Helsinki area, consumers can find the ATMs in Turku, Tampere, Jyväskylä, and Kuopio. Before Rauhamäki’s initiative, the country’s southeast had been a blind spot in the ATM network.

Finland beat neighbouring Sweden to become the first European country to install a Bitcoin ATM back in 2013. The currency itself is virtual and is not backed by any bank or company, but an open community working on its development.

Bitcoin users can scan their account information into the ATM from a QR code on their smartphones or tablet devices. Users who don’t already have an electronic wallet can get a record of their purchase on

Read more ... source: TheBitcoinNews

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