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Bitcoin Automated Vending Machine (AVM) operator QwikBit announced on Friday news that they have signed a deal with Lamassu, which will make the company one of the largest operators of Lamassu bitcoin vending machines in the United Kingdom.
Lamassu bitcoin vending machines are the most popular offerings amongst operators, with over 230 units in operation globally.
Users of the machines can insert as little as £5 and receive bitcoin to a specified address in as little as thirty seconds.
QwikBit, headquartered on the Isle of Man, says they are planning to roll out their network of AVMs throughout the United Kingdom. The company has set their sites on their first few locations, which future positions for the Lamassu machines to be determined.
“Our first AVM will be placed in the Isle of Man, where QwikBit is incorporated,” said the company’s own Stan Ho. “We have also confirmed locations in Manchester, UK. Expect to see one of our AVM’s at the ‘Home of Honest Coffee, a future artists project’ which launches this autumn on King Street.”
Lamassu CEO Zach Harvey adds:
“We’re very excited to have QwikBit on board as operators of our Lamassu machines. This is a big step towards making Bitcoin more accessible in the UK. Any pedestrian can walk up to the machine and get their first Bitcoin within moments, it’s a very simple and welcoming process.”
Bitcoin ATMs (or AVMs, as QwikBit likes to call them) are becoming more and more popular as bitcoin’s amazing growth continues. These machines are considered easy ways for newcomers to get access to digital currency.
By purchasing bitcoin at an ATM, buyers need not sign up for bitcoin exchanges, nor do they have to undergo the potentially time consuming process of identity verification.
QwikBit did not disclose the terms of the deal, nor did they reveal how many units they have purchased from Lamassu.
You can find out more about QwikBit’s operation by visiting their website here.
