Massive Bitcoin Aussie ATM Rollout Could Be On The Cards

This is going to be big!

Troy Nankervis

5 September 2017

Troy Nankervis

Article heading image for Massive Bitcoin Aussie ATM Rollout Could Be On The Cards

The infamous online web currency Bitcoin could be leaving the digital realm with the rumoured "large-scale" rollout of ATMs across the country.

ATM provider Stargroup's CEO Todd Zani said the project would see a joint venture launched with blockchain firm DigitalX, Nine News reports.

"Stargroup is pleased to partner with DigitalX on this project and leverage its unique ownership of its ATM manufacturer to develop a two-way ATM where a Bitcoin owner can not only buy Bitcoin but more importantly can cash their Bitcoin out," said Zani.

"This development may also be able to be applied to other cryptocurrencies and be distributed internationally."

With less that 20 ATMs across Australia set up to handle Bitcoin transactions, the success of the plan could herald in a new era of digital finance.

Created back in 2009, Bitcoin has been doing exceptionally well recently, with the electronic currency hitting an all-time high of $4,950 last Friday.

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