Sweden-bases start-up Safello, whose primary business is being a bitcoin exchange, is hopping on the scene with a brand-spanking-new bitcoin ATM they aim to introduce this Monday. The announcement is slated to take place at the STHLM TECH Meetup in Stockholm.
Speaking of Stockholm, Safello is reportedly “prospecting more suitable high traffic locations in central Stockholm to place the ATM on a more permanent basis,” according to Ludvig Öberg, who serves as an advisor for the company.
But why a bitcoin ATM for a company whose chief business is running an exchange? As it were, it seems that bitcoin ATMs are rather popular. Just ask Robocoin, whose ATM in a downtown Vancouver coffee shop has done over $1 million CAD in transactions — in one month.
“Our aim is to bridge the gap between the traditional financial world and the Bitcoin community. This ATM is a big step in that direction,” Öberg says.
The ATM is expected to convert from fiat to bitcoin (and vice-versa) on Safello’s very own exchange. More information is expected to be available at the start of the week.
[via Bitcoin Examiner via Arctic Startup]