Prague Subway System Now Has Ten New Bitcoin ATMs

[BADecker]

Prague Subway System Now Has Ten New Bitcoin ATMs

One of the largest Bitcoin ATM manufacturers in the world, General Bytes, has recently installed ten new cryptocurrency ATMs throughout the Prague subway in the Czech Republic. Now commuters riding the Prague Metro can purchase digital assets at various locations spread out across the fifth busiest metro system in Europe.

General Bytes Installs Ten Bitcoin ATMs Across the Prague Metro

The Czech Republic-based firm General Bytes has revealed the installation of ten new cryptocurrency ATMs spread out across the Prague Metro. The subway gets more than 1.6 million people in daily foot traffic and is one of the busiest metro systems in Europe. The General Bytes machines are located at M?stek, Nádraží Veleslavín, Dejvická, Florenc, ?erný Most, Zli?ín, Pankrác, Flora, Skalka, and Hlavní Nádraží. Moreover, General Bytes provides a detailed map and description of each location on the website.



A map of the ten Prague Metro machines manufactured by General Bytes.

The new machines will likely get some use in the region as Prague is considered a booming cryptocurrency hub,  as the area is filled with quite a lot of crypto-enthusiasts. For instance, the area is home to the Crypto Anarchy Institute, Paralelní Polis, and a few cryptocurrency businesses including the ATM manufacturer General Bytes.

General Bytes Has Manufactured 27% of the World's Bitcoin ATMs

The Czech government is relatively friendly towards cryptocurrencies and politicians haven't regulated virtual currencies or defined them as a currency or commodity like other nation states. However, the subject is being discussed among tax officials and the Czech National Bank wrote a paper last year called "Don't be Afraid of Bitcoin." Last year the well known online retailer, Alza, added cryptocurrency payments and installed two Bitcoin ATMs in the company's showroom. Just three days ago one of the largest energy suppliers in the Czech Republic, Pražská Plynárenská, announced it was accepting BTC for payments.

Read more at https://news.bitcoin.com/prague-subway-system-now-has-ten-new-bitcoin-atms/.

[freesia_pnp888]

i think 10 ATMs is a bit too much lol, maybe half of it is already enough.

[sonofliberty]

I believe that banks and whole world need to pass some tranformation in order to get some crypto. I believe in not to give your prople.

[KingScorpio]

Prague Subway System Now Has Ten New Bitcoin ATMs

One of the largest Bitcoin ATM manufacturers in the world, General Bytes, has recently installed ten new cryptocurrency ATMs throughout the Prague subway in the Czech Republic. Now commuters riding the Prague Metro can purchase digital assets at various locations spread out across the fifth busiest metro system in Europe.

General Bytes Installs Ten Bitcoin ATMs Across the Prague Metro

The Czech Republic-based firm General Bytes has revealed the installation of ten new cryptocurrency ATMs spread out across the Prague Metro. The subway gets more than 1.6 million people in daily foot traffic and is one of the busiest metro systems in Europe. The General Bytes machines are located at M?stek, Nádraží Veleslavín, Dejvická, Florenc, ?erný Most, Zli?ín, Pankrác, Flora, Skalka, and Hlavní Nádraží. Moreover, General Bytes provides a detailed map and description of each location on the website.



A map of the ten Prague Metro machines manufactured by General Bytes.

The new machines will likely get some use in the region as Prague is considered a booming cryptocurrency hub,  as the area is filled with quite a lot of crypto-enthusiasts. For instance, the area is home to the Crypto Anarchy Institute, Paralelní Polis, and a few cryptocurrency businesses including the ATM manufacturer General Bytes.

General Bytes Has Manufactured 27% of the World's Bitcoin ATMs

The Czech government is relatively friendly towards cryptocurrencies and politicians haven't regulated virtual currencies or defined them as a currency or commodity like other nation states. However, the subject is being discussed among tax officials and the Czech National Bank wrote a paper last year called "Don't be Afraid of Bitcoin." Last year the well known online retailer, Alza, added cryptocurrency payments and installed two Bitcoin ATMs in the company's showroom. Just three days ago one of the largest energy suppliers in the Czech Republic, Pražská Plynárenská, announced it was accepting BTC for payments.

Read more at https://news.bitcoin.com/prague-subway-system-now-has-ten-new-bitcoin-atms/.

astounding prague doesnt even had a working stationary phone network when i have visited it.

to sad that they all are run by the wrong bitcoin, since bitcoin core is the true bitcoin

but the investors will have to pay the price for it

[Stonetium]

I am kind of getting sick of these. We aren't at the point where we need ATMs for them. Also, I want to see a few ETH machines lol

[gjtnwls1]

I think crypto need to be more out there like bitcoin ATM machine. When bitcoin and alt coins are exposed to public, people might friendly to cryto.

[Joyeeta]

It's good to have bitcoin ATM machines in big city, however I personally think they charge huge fees, and price is more than exchange, which is bottleneck for the ATM, however it's a good advertising though.

[aoluain]

Yes i agree it certainly is good news.
10 ATM's seems a lot but pefsonally I wouldnt know.
Its interesting though that the government are staying passive and allowing
them to be installed and so many concentrated in a small area.

On the fees, if you believe in the longterm outlook or bitcoin's value rising
the fees would be irrelevant IMO. Im sure the store owners or metro authorities
are charging some sort of rent or fee fir them to be installed so someone has to
pay for that, the customer!