Bitcoin in the Middle East: Tel Aviv, Israel Getting a Bitcoin ATM This Week
Bitcoin ATMs are seemingly popping up everywhere. From North America to Eastern Asia, and now: the Middle East. A report from Haaretz indicates that one of (if not the) first bitcoin ATMs in the Middle Eastern region is slated to come online Wednesday in Tel Aviv, Israel. Manufactured by Las Vegas, Nevada-based Robocoin and operated by a Bitbox, the machine will allow its users to both buy and sell bitcoins in a matter of seconds without going through bureaucracy. "The launch of the first Bitcoin ATM in the Middle East will allow any person with no previous knowledge of bitcoin and how it....
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The 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....
Tel Aviv, a city of about 400,000 residents in the heart of Israel, is considered one of the leading cities in the world in Bitcoin adoption. For new bitcoiners, Tel Aviv is like a dream come true; it has everything you need to get started with the digital currency. For starters, the Israeli Facebook Group "Israeli Bitcoin" has more than 4,500 members. The group is extremely active and friendly to newcomers. Also, for those who wish to hear an active stream of lectures about the Bitcoin ecosystem there is the Israeli Bitcoin Meetup Group. The group gets together roughly twice a month....
The service Apparts4rent now offers apartments for rent in Bitcoin. Specifically economy class apartments in the heart of Israel. The service offers apartments in the satellite resort region of Bat Yam City near Tel Aviv. Amenities. The apartment offers the perks of: 3-5 minute walk to the beach. Near bus stop en route to Tel Aviv. Well developed infrastructure. Near Spas and Therapeutic Centers. All apartments are fully furnished with appliances and include laundry services. Price. Prices ranges from $60 usd a night to $150 usd per night.
Intel has announced the creation of a new fintech innovation lab in Tel Aviv, The Jerusalem Post reports. The lab will be operated in association with The Floor, a fintech hub based at the Tel Aviv Stock Exchange. The work of the new Intel fintech lab will be centered on blockchain technology, biometrics and the Internet of Things (IoT). “Through this collaboration, Intel will be able to lead, alongside The Floor, the development of this field in Israel and to widen the influence of technology on the financial field, from the user to the cloud,” said Sharon Puterman-Zafrir, Intel Israel’s....
This week, BitQuick announced the launch of its trading platform BitQuick.me in the Middle East. While there haven’t been more details on the topic, we reached out to its founder and CEO Jad Mubaslat, for enlightenment. Jad Mubaslat is a senior student in biomedical engineering and avid entrepreneur based in Colombus, Ohio. He founded BitQuick, an over-the-counter (OTC) Bitcoin trading platform in February 2013, and hasn't stopped working on the startup since. Today, BitQuick offers its services to customers across the world including North America, Europe, Asia, and most recently, the....