HomeNewsA dozen Bitcoin ATMs installed at the largest EU electronics retailer

A dozen Bitcoin ATMs installed at the largest EU electronics retailer


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Austrians grasp “sufficient funds” for added Bitcoin ATMs — that’s the choice that MediaMarkt, a German electronics retailer, reached following a marvelous Bitcoin ATM pilot in Austria.

MediaMarkt has rolled out Bitcoin (BTC) ATMs in 12 branches across the country, including Seiersberg and Klagenfurt. Confinity and its spinoff ATM company, Kurant, arrange over 200 Bitcoin ATMs in Austria, Germany, Spain, and Greece.

Kurant’s Head of Advertising and marketing & Sales, Europe, Thomas Sperneder told Cointelegraph:

“MediaMarkt stores across the country grasp been geared up with Bitcoin vending machines. In total, these are indubitably recent in twelve markets and enable the easy and stable remove of cryptocurrencies.”

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A Bitcoin ATM in Austria. Source: Kurant

A marvelous pilot challenge that comprises alone Bitcoin ATM in a MediaMarkt store proved that “Bitcoin ATMs in shops offer an opportunity to entice modern prospects.”  Spender explained to Cointelegraph that the “remove of Bitcoin and cryptocurrencies used to be linked to digital-savvy other folks,” however ATMs offer a different:

 “To be ready to get motivate of Bitcoin with out enlighten and safely, stationary vending machines initiate up a low-threshold different for the remove of cryptocurrencies.”

As Europe’s ideally kindly client electronics retailer, MediaMarkt operates in 13 international locations, with over 850 stores and earnings exceeding 21 billion euros ($23 billion) in 2021. MediaMarkt partnered with Coinfinity, an Austrian Bitcoin company, to motivate an eye on the pilot and subsequent rollout of the ATMs.

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Bitcoin ATMs by Kurant (Coinfinity) across Europe. Source: Kurant

Bitcoin ATMs (computerized teller machines), infrequently jokingly frequently known as BTMs (Bitcoin teller machines), offer Bitcoin enthusiasts a style to cash out their BTC or deposit fiat. By merely scanning a pocket take care of, they’ll receive satoshis (the smallest denomination of BTC) or cash.

The idea of extra Bitcoin ATMs coming to Austria is welcome, exciting that the teaching in Bitcoin ATMs spherical the world has slowed in 2022.

The UK is currently clamped down on non-registered ATMs as its Monetary Conduct Authority takes a more difficult stance on Bitcoin ATMs attributable to a lack of regulatory structure.

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Bitcoin ATM. Source: BitBase

For BitBase, a Spanish Bitcoin ATM provider seeking to characteristic in Portugal, the neighborhood has established bodily shops in Lisbon, however, regulators grasp stalled real openings. In light of the EU’s “assault” on non-custodial wallets, the future of Bitcoin and crypto within the EU is perilous.

For Sperneder, web hosting Bitcoin ATMs in stores because it permits shops to “participate financially within the stationary sale of cryptocurrencies.” On the condition that Austria will add 12 extra Bitcoin ATMs to its total of over 110, the rollout of Bitcoin ATMs in Europe could moreover correct be getting began.

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