Bitcoin ATM news keeps popping up all over the globe it seems, even though most of the action seems to be focusing on Europe. After news about Bitcoin ATMs in the United States, Portugal, Italy and The Netherlands this week, Finland is now getting the spotlight as Bittiraha’s Bitcoin ATMs serve 33% of the country’s population now.
Bittiraha, a Finnish Bitcoin startup manufacturing and selling one-way BItcoin ATM machines (called Bittimaatti). Users can buy BItcoin through these machines by inserting Euro bills. Customers are not yet able to sell their BItcoin in exchange for Euros at this point, but this feature is available at Bittiraha’s online service.
When buying Bitcoins through a Bittimaatti ATM, the price is calculated on the current Bitstamp price + an additional 5%. A minimal purchase of 5 euro worth of Bitcoin is in effect. The Bittimaatti’s also have a daily total purchase limit, but users will be notified when the limit is approaching.
Bittimaatti’s Technical Specifcations :
Accepted currencies: EUR bills 5, 10, 20, 50, 100, 200 and 500
Capacity: 600 bank notes
Dimensions: 35,6 x 48,1 x 26,9 cm
Weight: 50 kg
Power supply: 230 V
Internet connection: WLAN, RJ45
Even though Bittiraha’s Bitcoin ATM can only be found in 5 cities right now, with the 6th location being recently announced, they are placed at the major hubs in the country. FOr those of you interested in the exact locations, check out the map below :