IT systems firm Albvision Ltd recently distributed a press release in Kosovo and Albania stating that it is going to place one of these machines in the center of Pristina, the country’s capital.
The move comes as interest in bitcoin is booming in the country. According to Telegrafi, so far, this year Kosovo has imported €800,000 worth of equipment that went toward the production and assembly of bitcoin mining rigs.
The bitcoin ATM will initially only work with bitcoin, but support for 10 other cryptocurrencies will then be added. According to Telegrafi, the ATM will support the most popular cryptocurrencies, including Ethereum, Litecoin, and Dogecoin. Albsivion plans on putting bitcoin ATMs in both Albania and Macedonia in the future.
The press release has caught the attention of various organizations and, among them, Kosovo’s central bank, KCB, which warned against the use of cryptocurrencies. The bank pointed out to potential bitcoiners that virtual currencies like bitcoin aren’t regulated in the country.
The Bank of Albania, as recently reported by CCN, had previously warned bitcoin investors that cryptocurrencies weren’t regulated in the country, and that no financial entities – presumably bitcoin exchanges – were licensed to operate in Albania. Moreover, it stated five risks the institution believes the public needs to be made aware of, including volatility, lack of regulations, and potential use in illegal activities.
Read whole article here. This is a big good news for the many Bitcoin enthusiasts and supporters in Kosovo and hopefully this will not the last ATM that can be posted in the said country. One of the many ways that Bitcoin can reach mainstream is to make it easily accessible to the end consumers. And we know that a physical ATM machine can add more excitement and can be serving as a big promotional item for Bitcoin as well.
