03 Apr '13, 4pm

First Bitcoin ATM could go to Cyprus as price continues to rise

First Bitcoin ATM could go to Cyprus as price continues to rise

The emergence of Bitcoin as a mainstream currency continues apace, with the first "Bitcoin ATM" supposedly destined for -- of all places -- Cyprus. In the wake of the Cypriot financial crisis that emerged in mid-March, it was noted (by Wired.co.uk and others) that an apparent spike in interest in Bitcoins among Europeans in other Eurozone countries might be evidence that the currency was becoming seen as a viable alternative to the Euro. Apparently, Jeff Berwick of The Dollar Vigilante thought the same, and wants to give Cypriots the chance to keep their money safe from government seizure. The imaginatively-named Bitcoin ATM will lets users either deposit Bitcoins to withdraw cash (or put cash into you bank account), or vice-versa. Berwick said: "As the Cypriot drama unfolds before our very eyes, I began pondering what tangible solutions there are to bank holidays and bank...

Full article: http://www.wired.co.uk/news/archive/2013-04/3/first-bitco...

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