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BitcoinPoint, Cashzone Allow Users to Sell Bitcoin Using 16K ATMs Across UK
London-based cryptocurrency company BitcoinPoint announced Thursday bitcoin holders can now cash out bitcoin from 16,000 Cashzone automated teller machines (ATMs) situated across the entire U.K.
Bitcoin holders will now be able to sell their bitcoin from 16,000 Cashzone automated teller machines (ATMs) across the U.K. under an agreement reached with London-based cryptocurrency company BitcoinPoint.
STORY CONTINUES BELOW
- Under terms of the agreement, after registering, Cashzone users will be able to enter an amount to be withdrawn on the BitcoinPoint website and scan a QR code. Users would then get an SMS message with a pin code to be entered at a Coinzone ATM.
- BitcoinPoint CEO Benoit Marzouk said there is a demand for the ATMs as registering on a cryptocurrency exchange can be complex for non-tech savvy people, adding that the scarce availability of bitcoin ATMs made the accessibility of bitcoin problematic.
Read more: Number of Bitcoin ATMs Up 85% This Year as Coronavirus Drives Adoption
Tanzeel Akhtar
Tanzeel Akhtar has contributed to The Wall Street Journal, BBC, Bloomberg, CNBC, Forbes Africa, Financial Times, The Street, Citywire, Investing.com, Euromoney, Yahoo! Finance, Benzinga, Kitco News, African Business Magazine, Hedge Week, Campden Family Office, Modern Investor, Spear's Wealth Management Magazine, Global Investor, ETF.com, ETF Stream, CIO UK, Funds Global Asia, Portfolio Institutional, Interactive Investor, Bitcoin Magazine, CryptoNews.com, Bitcoin.com, The Local, The Next Web, Mining Journal, Money Marketing, Marketing Week and more. Tanzeel trained as a foreign correspondent at the University of Helsinki, Finland and newspaper journalist at the University of Central Lancashire, UK. She holds a BA (Honours) in English Literature from the Manchester Metropolitan University, UK and completed a semester abroad as an ERASMUS student at the National and Kapodistrian University of Athens, Greece. She is NCTJ Qualified - Media Law, Public Administration and passed the Shorthand 100WPM with distinction. She does not currently hold value in any digital currencies or projects.
