Switzerland Gets First Bitcoin ATM in Zurich

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Last Updated: October 7, 2020 11:40 am

1 min read

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Bitcoin ATM Zurich — Source: Twitter user @russian_market

This past weekend, Switzerland received it’s first Bitcoin machine, with a Lamassu unit making an appearance at the Markthalle in Zurich.

And perhaps while the Lamassu isn’t a bitcoin ATM in the traditional sense (in that it only converts fiat to bitcoin and not vice-versa), the potential for introducing newcomers to this emerging digital currency is high.

“The idea is to allow more people to access [bitcoin],” said Alexis Roussel, who’s the vice president of the Swiss association for bitcoin — and also a member of the Swiss pirate party.

While no statistics on the machine’s use over the weekend are known, it is known that the machine will remain at the Markthalle for at least a week, according to a RTS report.

Bitcoin ‘vending machines’ (like the Lamassu) are gaining popularity around the world. The company recently announced the sale of their 100th unit.

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