CMCGlossary: Bitcoin ATM (BTM) ✨ An automated teller machine (ATM or cashpoint) that allows the user to buy and sell Bitcoin. 👉 Details:
.It is generally thought that the first Bitcoin ATM was opened in 2013, at a coffee shop in the Canadian city of Vancouver. As of 2020, there are reported to be as many as 2,500 BATMs in the U.S. alone. They are most frequently found in transport hubs such as airports and rail stations, as well as in specialist shops and cafes.
In order to install a BATM in a business premises, the owner will enter into a contract with a BATM provider who manufactures and, where applicable, installs the device on-site. There is a growing range of BATM providers, and most of the world is now fairly well served. Some providers offer both unidirectional and bidirectional hardware, while others offer additional services such as voucher and customer retention schemes.
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