Australia’s first bitcoin ATM has gone live in central Sydney, allowing passersby to buy and sell the digital currency and exchange it for cash. The orange machine, which resembles a regular banking ATM, was unveiled on Tuesday morning inside a Westfield mall on Pitt St. The machine – the first of several to be rolled out across the country – will make it easier for regular people to deal in bitcoin, said co-owner Chris Guzowski, CEO of ABA Technologies.
Although the digital currency is facing some troubles, ABA Technology has today opened Australia’s first Bitcoin ATM in Sydney. Located in Westfields shopping centre on Pitt Street Mall in Sydney CBD, the Bitcoin ATM, which looks like any other ATMe ATM, will allow users to buy and sell the crypto-currency, or exchange it for cash. Of course, you’ll need to have a current Bitcoin wallet in order to use the ATM, and all first time users will need to register on the ATM as well to be able to use the machine. The Bitcoin ATM launch in Sydney comes amid news that the National Australia Bank (NAB) will be closing the accounts of businesses who primarily trade in crypto-currencies, including Bitcoin, in early May.