Bitcoin ATMs in IsraelTotal number of Bitcoin ATMs / Tellers in Israel: 2 List of major cities in Israel with bitcoin ATM installations: Tel Aviv 2Tel Aviv to Get First Bitcoin ATM in Middle East The new machine will allow users to buy and sell their bitcoin at all hours of the day and night without going through bureaucracy.Subscribe Bitcoin (illustration) The first Bitcoin automatic teller machine in the Middle East will be launched in Tel Aviv on Wednesday.Bitcoin is a peer-to-peer virtual currency that allows for transactions between users without any third party or middle man.The "cash-out capable Bitcoin vending machine," made by American company Robocoin, has several security features built in to prevent theft and fraud that are compliant with anti-money laundering regulations, according to a press release.“The launch of the first Bitcoin ATM in the Middle East will allow any person with no previous knowledge of bitcoin and how it works to easily buy and sell bitcoin 24/7 bypassing the bureaucracy of the banks," Bitbox CEO Nimrod Gruber said.

Bitbox the company bringing the first Bitcoin ATM in Israel.Until now, all transactions had to either go through a bank or through private trading, which lacked credibility.According to Gruber, many people are looking for an easy way to sell or buy their bitcoin for local currency, and this ATM will allow them to do so.haas bitcoin botForeign workers, for example, can buy bitcoins in shekels and have their families withdraw cash in local currency at a bitcoin ATM in their country.haas bitcoin botThe launch takes place Wednesday night at the TOWN-HOUSE TLV hotel, 32 Yavne St. at the corner of Rothschild Blvd.icahn bitcoinICYMI Iran's Missile Attack on Syria Failed: 5 Missed, 3 Landed in Iraq Secret Room in Buenos Aires Home Hid a Trove of Suspected Nazi Artifacts Israeli Porn Is Booming, and the Industry Insists It's About More Than Just Sex Heathrow Airport Shames El Al as Dirtiest and Noisiest Airline Teenage Muslim Girl Found Dead After Being Abducted Outside Virginia Mosque The One Thing You Shouldn't Be Doing on WhatsApp Israel, Saudi Arabia 'Are Negotiating' Economic Ties Sexy Women, 'Missions', Bad Satire: Israel 'Recruits' Online Soldiers in anti-BDS Archaeologists Find Monumental Mikveh at King Herod's Palace in Jordan Uber-Spy?bitcoin jednotky

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This is Israel’s second Bitcoin ATM.UNCOVER ISRAEL - Get the ISRAEL21cWeekly Edition free by email Starting today (June 11), anyone interested in the virtual currency can stop by the Townhouse Tel Aviv hotel, on the corner of the city’s trendy Rothschild Boulevard, to buy or sell the crypto-currency on the go.Tel Aviv’s first Bitcoin ATM, located at the Bitcoin Embassy, is a one-way Lamassu vending machine that allows users to anonymously purchase the digital cash.The Robocoin machine, which is being brought into Israel by Bitbox, allows two-way transactions.Robocoin says its machines have security features built in to prevent theft and fraud that are compliant with anti-money laundering regulations.Israel boasts one of the world’s most active Bitcoin communities in the world and has some two dozen startups creating tools to allow the virtual currency to be used in all kinds of real-time transactions.“Bitcoin is experiencing a massive growth-trend in Israel but until now all transactions must either be carried out through a bank, with a lot of bureaucratic hurdles involved, or through trading with private individuals which can be unreliable and raise questions of trustworthiness,” Nimrod Gruber, CEO of Bitbox, told Green Prophet blog.

News, bitcoin Viva Sarah Press reports on the creativity, innovation and ingenuity taking place in Israel.Her work has been published by international media outlets including Israel Television, CNN, Reuters, Time Out and The Jerusalem Post.View all stories by Viva Sarah PressThe Middle East region now has its first two-way capable bitcoin ATM after Wednesday evening's launch of a new Robocoin machine, or 'branch', at a fashionable Tel Aviv Hotel.This gives Israel residents and visitors a new option to enter the bitcoin economy, rather than going through one of the online exchanges, which meant bank transfers, or buying face to face.ATMs and bitcoin vending machines are also aimed at exchanging smaller amounts of fiat currency, which means they're more appropriate and user-friendly for newcomers.The ATM's owner is Bitbox, headed by CEO Nimrod Gruber, who said: “The launch of the first bitcoin ATM in the Middle East will allow any person with no previous knowledge of bitcoin and how it works to easily buy and sell bitcoin 24/7, bypassing the bureaucracy of the banks."

It also gives tourists a new way to obtain local currency and foreign workers in Israel a new and simpler option to take locally earned shekels and send them to families back home – provided there is another 'cash-out' bitcoin ATM at the other end.Gruber's claim that this is actually the first 'bitcoin ATM' in the Middle East is open to debate, however.Dubai company Umbrellab demonstrated integration of a bitcoin-buying service in one of the city's ManGo payment kiosks back in April and the Bitcoin Embassy hosts a one-way Lamassu machine.Umbrellab says it has plans to introduce bitcoin buying to 300-400 ManGo kiosks eventually.At this stage the kiosks allow only for purchase of bitcoins, not sale.Israel, arguably the world's most significant technology startup hub outside of Silicon Valley, has displayed a generally friendly attitude to bitcoin so far and is home to several venture capitalists, well-known cryptocurrency projects such as Mastercoin, and bitcoin evangelists like Meni Rosenfeld.