Exchange Platform Safello Demonstrates Sweden's First Bitcoin ATM
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,"....
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Recently, we had an opportunity to interview Frank Schuil, the CEO and founder of Safello. Frank is a seasoned entrepreneur who has founded numerous and guess what, he is/has been a rapper too! Safello is a leading bitcoin platform based out of Sweden. Safello offers a unique exchange and wallet service to its customers. People can buy, sell or store bitcoins on the platform. We asked Frank a set of questions about Safello, and future of bitcoin, and this is what he had to say. Gautham: Can you please tell us a bit about Safello? Frank: Safello was founded in July 2013. Since then, it has....
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.....
Sweden and the UK have come together over their love of bitcoin. Swedish bitcoin exchange Safello is partnering with a British bank to offer local deposit options for UK-based accounts. While the company's CEO and co-founder Frank Schuil says he is unable to reveal the name of the financial institution at this time, he mentions that the bank is fully aware of Safello's dealings in bitcoin. The partnership is being labeled as a huge step forward as not only have most bitcoin startups been forced to bank elsewhere, but most banks are particularly reluctant to associate themselves with....
ICBIT has been on the company’s radar for quite some time now. Among the services offered are futures products such as the Bitcoin price rate against USD, and LTC. Most people know Safello as a Swedish Bitcoin exchange platform. With their quick deposit and withdrawal functionality, the company has become a rising star in the cryptocurrency world. But Safello is looking to expand their offerings, as they acquired Assets BT Technology Inc. This crypto futures exchange platform was founded a few years ago, and services 12,000 customers to date. Not too long ago, the Swedish Bitcoin exchange....
Safello, the Stockholm, Sweden-based bitcoin exchange, has moved a step closer to becoming a dominant European bitcoin exchange by winning a finalist spot in the BBVA Open Talent 2015 competition. The contest, now in its seventh year, awards innovative financial technology ("fintech") projects that contribute to the financial service industry's evolution. BBVA (Banco Bilbao Vizcaya Argentaria, S. A., a multinational Spanish banking group), launched its Open Talent contest to seek ideas that will disrupt the financial service industry in e-commerce, security, mobile payments, data and....