BTCPoint - cash for bitcoins in more than 10,000 Spanish ATMs

  Thanks to a partnership between BTCPoint, Sabadell Bank and the Hal-Cash system, Spaniards are being given the ability to exchange bitcoin for cash without having to [...] https://www.pinterest.com/pin/1085437947660215829/

  Thanks to the partnership between BTCPoint, Sabadell Bank and the Hal-Cash system, Spaniards are given the ability to exchange bitcoin for cash without the need for an ATM card or bank account at more than 10,000 ATMs.   In addition to Sabadell bank, other Spanish banks have also joined the partnership, including: Popular, Abanca and EVO.   BTCPoint, the main entertainer of the service, is also the manufacturer of the two-sided bitomats. However, as the company's COO, Alex Lopera, admits, creating an infrastructure of this type from scratch is not the right approach, especially if you have ambitions for wider growth:   If we wanted to expand our reach and become a global company, it makes more sense to go after the banks themselves. They are the ones that have all the infrastructure needed."   From a user perspective, the process of withdrawing fiat money from an ATM should not cause any difficulties. To do so, you use the special BTCPoint mobile app, enter the amount of bitcoin you wish to exchange and deposit it to the address provided.   Once you have sent the appropriate amount of bitcoin to our address, you will receive a text message with your PIN attached and with that code you can go to any ATM to withdraw cash instantly." - says Lopez   Bit2Me has also been offering a similar service in the country since the beginning of this year, this one, like BTCPoint, works with the Hal-Cash system. What sets BTCPoint's newest service apart for the moment, however, is the complete lack of commissions, through which the company will likely try to attract new customers. The Bit2Me service is charged with a commission of 1% of the transaction value.   As we further learn from the COO of BTCPoint, the company's plans also include further expansion of its service offerings:   "We are focusing on exchanging bitcoin for cash, but we are also in talks with various credit card payment processors who could enable a bitcoin purchase service [through their deposit machines] at very low commissions."   As Lopera adds, BTCPoint also plans to expand the geographic reach of its offering. The company is currently negotiating with both North and South American banks to bring this kind of service to those continents as well.   Earlier this month, a similar type of service, in this case available at over 7,000 standard ATMs in South Korea, was made available by Coinplug.   In our country, an exchange of this kind is available through the Cryptoins exchange office and the SkyCash system. Again, cash can be withdrawn without the need for an ATM card or even a bank account from any Euronet ATM.     Any copying, distribution, electronic processing and transmission of content from bitcoin.pl website requires prior consent of the portal.   Tags bank ATM bitcoin BTCPoint Cryptoins Cryptoins.com cash Hal-Cash Spain cantor