These ATMS don’t make bills. Nor do they belong to any bank. However, they give you the opportunity to buy, sell and transfer money, which you will use easily for your transactions in stores of all kinds, even in law firms and tourism companies around the world.
Although many Greeks are unaware of their existence and others are reluctant to use them, but the ground they are gradually gaining in Greece is such that their number is expected to increase considerably in the next few years. The reason for ATMS, through which one can buy and sell cryptocurrencies, such as Bitcoin, Ethereum, Litecoin and Dash. Digital money outside the banking system that is.
We met StefanosGatsopoulos, co-founder of Thess Cash Hellas (a company active in the field of cryptocurrencies in northern Greece), where since last December operates the one and only ATM cryptocurrency in Thessaloniki: On the street of Anaveos, near the courts and the railway station of the city. The company, which cooperates closely with “Bcash Greece”, plans to open three more ATMS soon, in the same places in northern Greece.
Another three cryptocurrency ATMS will operate in North Greece in the next few days.
“In the next few days the ATMS will operate in Kastoria and Ioannina and in September in Alexandroupoli, as part of the cooperation with Bcash. A total of about 15 ATMS are currently operating in the framework of our cooperation, including two in Athens (Koukaki and Glyfada), one in Thessaloniki and the rest in Larissa, Patra, Kalamata, Mykonos and Crete, as well as in Russia, Poland, Britain“
He explains to StefanosGatsopoulos, while asked how it is planned to develop the ATM network in the coming years, replies that there is no roof, since it all depends on demand:
“We as Thess Cash this year we will have four ATMS in northern Greece, based on Demand. Why can’t we have 14 in 2019? Our goal is to install as many as possible. To establish ourselves as the first Greek company for the construction and supply of cryptocurrencies”.
How does a cryptocurrency ATM work and what are the transaction fees?
How exactly do cryptocurrencies ATMS work? “In the market phase, if you want to buy cryptocurrencies through the ATM, all you need is cash. It would be nice to have an e-wallet on your phone, but if you don’t, no problem, your ATM makes paper wallet, which you the option to hold in this form or pass it on to an electronic wallet for greater certainty.
In case of sale, the electronic wallet is necessary, because once you choose an amount to sell, it will show you a QR code (“Barcode “). You will scan it, the ATM will receive the transaction and give you a receipt, once you get the “OK ” from the Internet, you return to the ATM and take your money. As for the transaction fees, for our transaction the citizen buys with 7% and sells with 5%, “explains StefanosGatsopoulos.
So What Can People in Greece Buy with Cryptocurrencies?
The question should not be what people in Greece can buy with crypto since they can use it to buy literally anything they want from stores that accept bitcoin all over the world. At this time, you can buy hosting (or filoxenia istoselidwn as the Greeks call it), they can register domains for their web properties, they can buy furniture from companied like Overstock, they can buy airplane tickets and they can even buy gift cards and redeem them to eBay and amazon.
