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17:45 / Saturday, 18 November 2017 / indeksADMonline

First Bitcoin ATM installed in Hungary near a bank

The device, manufactured by General Bytes and branded as Mrcoin and operated by Shinrai Kft., is the first cryptocurrency ATM to be placed near a bank branch.
On the border between Slovakia, Hungary and Austria, a bitcoin ATM was launched, which is the first in the world located next to a bank.
This ATM is located in the center of Mosonmagyaróvár, a city with a population of 30 in Hungary, and exchanges bitcoins for forints and euros.
The device, manufactured by General Bytes and branded as Mrcoin and operated by Shinrai Kft., is the first cryptocurrency ATM to be placed near a bank branch.
"For years we have heard that bitcoin is simply a financial bubble. But the opposite has happened because the security offered by the technology behind bitcoin has rapidly transformed the financial sphere," said the director of Shinrai Kft during the inauguration.
This model will also offer other cryptocurrencies such as Bitcoin Cash, Litecoin and Ethereum. The lowest transaction must have a value of at least 5,000 forints or 16 euros.
The company that launched this ATM offers online support as well as phone calls for those who want to know more about it.
Yesterday, bitcoin hit a new record high of $8,000. Since the beginning of the year, the value of one bitcoin has increased by 700%.