Croatia Gets its First Bitcoin ATM Machine
- by croatiaweek
- in Business
Croatia has got its first Bitcoin ATM machine. The first machine in the country was placed at History Caffe Club in downtown Zagreb last week…
The two-way Bitcoin ATM machine, which comes from Canadian company Bitaccess, allows patrons to both exchange the Croatian kuna currency for Bitcoins, and also exchange Bitcoins for cash. The machine, which is fairy simple to use, has created some interest from guests of the bar since its installation. The first Bitcoin ATM machine was installed in a coffee shop in Vancouver, Canada in October 2013. America got its first machine in February 2014, and since they have been popping up all over the world, and often in coffee shops.
Robocoin CEO Jordan Kelley demonstrates the world’s first Bitcoin ATM
Interest in the virtual currency Bitcoin is relatively low in Croatia. Bitcoins, which have become popular because of their ability to be used to anonymously purchase anything on the Internet, can now be used as currency in Croatia in 15 places. Bitcoin is decentralized digital money and is the currency of the Internet and is distributed worldwide. Unlike traditional currencies such as dollars, Bitcoins are issued and managed without any central authority whatsoever: there is no government, company, or bank in charge of Bitcoins. As such, it is more resistant to wild inflation and corrupt banks.
