Bitcoin cash outs arrive across 16,000 ATMs in UK
To make instant money, now cryptocurrency holders can now cash out their bitcoin, which are available in all 16,000 ATMs across the UK. As the interest in bitcoin surging, user-friendly processes to securely buy, sell and use cryptocurrency have long been a hurdle to widespread adoption.
BitcoinPoint has been working to break down these barriers with a mobile app that makes it possible to buy and sell bitcoin at a network of agents, from Bureaus de Change to newsagents, as well as online through an instant bank transfer solution via Open Banking.
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. East London-based BitcoinPoint, which offers services to buy and sell Bitcoin, has struck a deal with independent cash machine operator Cashzone.
Bitcoin holders can now sell their cryptocurrency at 16,000 Cashzone ATMs and instantly cash out between £10 and £500. BitocoinPoint charges a fixed £2.70 commission, plus a 3.99 per cent on the amount of the transaction.
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