New Bitcoin ATM in Sydney Australia Installed

A Bitcoin ATM has been installed in Sydney Australia, more exactly in Westfield. The ATM has been placed there to allow shoppers to buy Bitcoins with cash as well as withdraw from their online wallet to cash, should they want to do so. The ATM has been installed by Australian Bitcoin ATM’s (ABA), who calls themselves a “team of experienced entrepreneurs and investors” and will import Bitcoin ATM’s and install them all across Australia.

The company has a goal of installing a massive 100 Bitcoin ATM’s all over Australia within the next year and a half and an even larger goal of 500 Bitcoin ATM’s all across the world by 2016. A spokesperson from the company said to Cnet.com “we will offer the first opportunity for Australians to buy and sell the global cryptocurrency with the safety and convenience of transacting in a major retail shopping centre”.

The company are trying to remove the annoying boundary of fear that people have when buying cryptocurrencies by installing ATM’s, saying on their website;

“Bitcoin ATMs remove the intimidating and difficult aspects of buying and selling Bitcoins. With an intuitive, straight-forward interface and the convenience of immediate liquidity, Bitcoin ATMs attract both first time users with almost no knowledge of the cryptocurrency and its seasoned traders.”

If you are interested in purchasing your own Bitcoins in Australia, then you can head over to the Westfield Sydney and purchase your own Bitcoins through the ATM installed. The ATM is located at the ground floor of the centre.

Daniel Allermand

Daniel Allermand is a freelance writer, with more than 4 years of experience in the industry as an operator, affiliate and poker player. Daniel has decided it was time to try and bring more coverage about the industry to the general public by writing articles about everything from poker to casino.  

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