Bitcoin ATMs are coming out of dormancy in Japan for the first time since the crypto winter of 2018 — allowing residents of Osaka and Tokyo to trade cryptocurrencies from devices other than their smartphones or personal computers.
Gaia Co., Ltd, a local cryptocurrency exchange company, disclosed on Wednesday that it will soon debut crypto ATMs, or “BTMs,” and has set plans to roll out 130 of these machines supporting Bitcoin (BTC), Ether (ETH), Litecoin (LTC), and Bitcoin Cash (BCH) over the next three years.
A Bitcoin ATM is an Internet-connected terminal that allows consumers to exchange fiat currency for Bitcoins. BTMs allow users to sell Bitcoin for fiat money.
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Gaia President Motohiro Ogura emphasized that this is the first time a local exchange has installed