Malta’s digital transformation looks to be going very well. Malta has recently been a fairly active playground for the crypto-related developments and adoptions further.
Just a week past Malta was also abler to pass three bills that are regarding crypto and blockchain. On july 14th, a company referred to as MoonZebra has launched a two-way Bitcoin ATM here.
Buy Bitcoin instantly using fiat money
MoonZera is an ATM that enables users to buy cryptos such as Bitcoin and Litecoin instantly with fiat currency.
The company helps you get eliminate all the hassles of trading on on-line exchanges that expose a user to various hacking threats, misuse of sensitive data and additional cyber crime-related problems.
Last year Malta had its very first Bitcoin ATM go missing, and this triggered some bad results – a loss of over €3,000.
The company believes that changing the scenario currently with four crypto specialists on board who are working on the installation of such ATMs will be undoubtedly a way to success.
How crypto-ATMs work
A crypto-ATM works specifically just like a cash ATM. Here are the steps needed to use such a machine:
- Deposit fiat money
- Enter public key
- The respective wallet will receive cryptocurrency
A two-way crypto-ATM implies that you can modification crypto into fiat currency and the different way around as well. People have been recognizing Bitcoin ATMs also in Europe and the USA.
Bitcoin ATMs in the USA are slowly getting into communities such as Union Gap, Washington; indianapolis, Indiana; Charlotte, North Carolina; fresno, California; Chicago; Washington, D.C.; louisville, New York, and kentucky.
In Europe, Bitcoin ATMs have been noticed at the Amsterdam airport, and a Redditor even posted a photo of it.
Earlier in 2018, there have also been reported a number of robberies. One Bitcoin ATM robbery took place at a convenience store in Irving, Dallas. Another Redditor posted a photo showing a Bitcoin ATM robbery.
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