The Bpay payment system plans to launch ATMs in Moldova where it will be possible to cash out Bitcoin cryptocurrency in Moldovan lei.
The director of the Bpay payment system, Artem Vasiliev, spoke about this. According to him, the company is now negotiating with entrepreneurs about installing ATMs in retail premises.
At the first stage, the company plans to launch three such ATMs. To cash out Bitcoin, the client will have to enter his phone number and receive a PIN code. After entering the PIN code, the system will print a receipt on which a QR code will be printed and a wallet to which the cryptocurrency will need to be transferred.
After six confirmations in the blockchain, the client will receive an SMS message and he will be able to cash out the amount at an ATM. "True, we will have to identify it for the first time. The client will have to come to us and fill out a form," Vasiliev said, adding that this is due to legal requirements.
The money will be issued in Moldovan lei, at the Bitcoin rate on the Bitstamp.net exchange, minus the Bpay commission. Initially, it is planned that only Bitcoin will be cashed out through the ATM, but if there is demand, the company will introduce other cryptocurrencies.
Currently, the ATM is operating in test mode, the administration of the payment system is agreeing to place two more.
According to https://point.md
You May Also Like
Bitcoin dominance index rises again
Over the past 24 hours, the Bitcoin Dominance Index reached its highest point since December last year. Because altcoin losses were much more significant than Bitcoin's losses over the past few days, the index rose from 51% to 55%.
Legalization of cannabis and the possibilities of cryptocurrencies
Less than two weeks after marijuana was legalized in Canada, citizens of the country began being denied entry into the United States due to the legal use of cannabis. Canadians became concerned that the United States' borders would be closed to them.
