Safello Launches First ATM in Stockholm, Sweden

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Last week, we reported on a start-up company by the name of Safello, that was working on a new bitcoin ATM. It was noted that Safello was essentially still scouting around for locations, but the company has seemingly found a place to do business.

The Safello bitcoin ATM is reported located just outside the Hilton Slussen Hotel in Stockholm. As one would expect, the ATM is able to turn traditional fiat currency into digital currency using Safello’s bitcoin exchange and vice-versa.

The goal? Bridge the gap between the world of digital currency and fiat currency in one seamless transaction. Will it work? That’s a question that can only be answered with time. (via Metro)