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Iceland Gets Its First Bitcoin ATM

The ATM dispenses not only Bitcoin, but also Zcash, Etherium, Dash, Litecoin, and Bitcoin Cash. The machine makes sense for Iceland, which most recently made international headlines for its mining operations. “We mine a bit already and were mining about 10% of the network at one point,” Jason Scott, a Bitcoin entrepreneur who is the mind behind the machine, says, adding: “The business case that won me over was that even if locals stop using the machine, there’s enough turnover in tourists who have krónur and don’t really know the value of the Icelandic currency. They have to leave for a flight, for example, early in the morning, and they see this in the lobby of the hotel. That’s what sold me on this idea.” - The Reykjavík Grapevine -

 

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