Safello Launches First ATM in Stockholm, Sweden
Last week, we reported on a start-up company by the name of Safello, that was working on a new bitcoin ATM. It was noted that Safello was essentially still scouting around for locations, but the company has seemingly found a place to do business. The Safello bitcoin ATM is reported located just outside the Hilton Slussen Hotel in Stockholm. As one would expect, the ATM is able to turn traditional fiat currency into digital currency using Safello's bitcoin exchange and vice-versa. The goal? Bridge the gap between the world of digital currency and fiat currency in one seamless transaction.....
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Bitcoin exchange Safello will unveil Sweden's first bitcoin ATM next week, after announcing their work on the Lamassu machine just three weeks ago. The ATM will be on display next Monday at Stockholm's STHLM TECH Meetup - converting users' cash into bitcoin and depositing it in their wallet addresses. For now, the machine is operating in Safello's office while the company puts the finishing touches to its service. It will move to a more permanent location soon. "We are in discussion with a big mall in the centre of Stockholm. We aim to cooperate with them for the first ATM deployment,"....
Sweden-bases start-up Safello, whose primary business is being a bitcoin exchange, is hopping on the scene with a brand-spanking-new bitcoin ATM they aim to introduce this Monday. The announcement is slated to take place at the STHLM TECH Meetup in Stockholm. Speaking of Stockholm, Safello is reportedly "prospecting more suitable high traffic locations in central Stockholm to place the ATM on a more permanent basis," according to Ludvig Öberg, who serves as an advisor for the company. But why a bitcoin ATM for a company whose chief business is running an exchange? As it were, it seems that....
Stockholm-based crypto brokerage Safello saw its IPO oversubscribed by nearly $60 million, or 1,240% from the planned $5 million. Safello, a Stockholm-based cryptocurrency brokerage, is seeing massive demand from investors for its upcoming initial public offering on the Nasdaq First North Growth Market.The company said Wednesday that its planned IPO was oversubscribed by 502 million Swedish krona ($59.3 million), up 1,240% from the planned 40.5 million krona ($4.8 million), Reuters reports.Safello CEO Frank Schuil said that the company expects its listing on the Nasdaq First North Growth....
Safello, a bitcoin spending platform based in Stockholm, Sweden, has signed a proof of concept (PoC) with Barclays to explore how the financial services sector can harness block chain technologies. The agreement marks one of the highlights of the Barclays Accelerator Demo Day in London. It also marks first PoC that a U. K. high street bank has announced with a bitcoin company. Safello has already enrolled more than 20,000 users in Europe. Safello is among 10 businesses that showcased their innovative Fintech propositions at a Demo Day in London, as the second cohort of the Barclays....
While London may be considered as the Fintech hub for startups in Europe, the Nordic countries such as Sweden, Norway, Denmark, Iceland, and Finland, are also making a presence in what is becoming a competitive market. We’ve put together a list of the ten hottest Nordic Fintech startups that deal with digital currencies, payment apps, online lending and more. Safello – Founded in 2014, Stockholm-based, Safello, is Sweden’s answer and link to the Bitcoin marketplace. Operating an online exchange for Bitcoin, Safello signed a proof of concept deal with Barclay’s in 2015 to determine how the....