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UK BTC Holders Can Cash out Cryptocurrency Now

24 December 2020, 15:31
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The UK-based Bitcoin owners can cash out their digital finances from now, according to the latest cryptocurrency news.

UK BTC Holders Can Cash out Cryptocurrency Now

As the crypto market is rapidly developing in many countries, the majority of them support this tendency by implementing new solutions, which make crypto holders' life easier. Great Britain isn’t an exception: now the country’s citizens can cash out BTC like fiat currency via ATMs.

Crypto-friendly ATMs will boost the market

Sixteen thousand ATMs were established across Great Britain providing digital cash owners with the opportunity to convert virtual money into real cash. This technical innovation is a shared project of two companies: a cryptocurrency firm BitcoinPoint and cash machine operator Cashzone.

It is expected that this solution will increase the level of cryptocurrency adoption in the country, by making the cash withdrawal process more customer-friendly and secure. BTC owners will only need to install a special application and follow simple instructions. They should specify the amount of money they want to cash out, use a QR code, and enter a PIN code received in SMS at an ATM. The convenience of the new solution is supported by the fact that users aren’t obliged to be customers of a certain bank or have cards.

Read more: 2020 Bitcoin price: the cryptocurrency strengthens its position

Read more: How are bitcoins defined?

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