This morning, Belgium’s first Bitcoin ATM was introduced. It can be found in the Gameswap HQ store in the East Flemish city of Ghent. Tom Mestdagh, shop-assistant of Gameswap HQ, explains that he accepts Bitcoin payments because it is a fair system:
“Instead of just one central bank supervising payments, there is an entire network of people who work with Bitcoin that supervise those payments. This way we can make sure everything pans out.”
~Tom Mestdagh, shop-assistant of Gameswap HQ
The Bitcoin ATM asks for an address that has been encrypted into a QR-code. People using the ATM can simply display the QR-code on their smartphone and scan it. As soon as money is put into the ATM, it is converted into Bitcoin and placed onto the recipient’s smartphone.
Bitcoin supporters claim that the ATM could be the perfect solution to help the coin get rid of its obscure identity.
Filip Roose, Orillia’s Bitcoin associate, explains that they are using the physical ATM to give people a less shady impression of Bitcoin. People can simply go to a store, which is a legal facility, and get Bitcoin there. If anything goes wrong, the Bitcoin ATM company’s details appear on the screen. This provides people using the ATM with a sense of security.
Note from JP : Both Serge and myself will be visiting the Gameswap HQ store in person next week. We will do some photos and videos of the Bitcoin ATM , and hopefully conduct an interview with Tom Mestdagh as well.