Middle East's First Two-Way Bitcoin ATM Launches in Tel Aviv
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....
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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....
Bitcoin buying and selling platform BitQuick took to social media on Wednesday, posting that they have launched a trading platform for the Middle East, allowing enthusiasts in the region to buy and sell bitcoin. While details weren't abundant, BitQuick says they've launched support for six currencies (including the USD), making the buying and selling of the digital currency available in: Jordan, Palestine, Egypt, Lebanon, Kuwait, United Arab Emirates, Qatar and more. BitQuick is one of the few companies in the bitcoin sector to focus their attention on the Middle East at a time when many....
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International tech consultants Booz Allen Hamilton (BAH) have authored a report stating blockchain is “integral to supporting and realizing a digital economy in the Middle East.” Mid East Undergoing ‘Rapid Change’. The report, released today titled “Blockchain Technology – Can the Digital Economy Thrive Without It?” focuses on the benefits that....
We interviewed David El Achkar, the founder of Yellow, one of the first Bitcoin payment solution provider in the Middle East. Middle East is a unique and lucrative market where online payments are expensive and not widely adopted yet. By offering a bitcoin-based payment service, yellow is bridging the gap created by lack of attractive online payment services along with the goodness of Bitcoin. Yellow was founded in mid-2013 by David El Achkar and James Piechota. The Dubai registered company has its presence in UAE, Lebanon and Jordan with plans of entering Kuwait soon. We asked him a few....