Georgians can now sell and buy bitcoin easily with the newly installated Bitcoin ATM located at the capital city, Tbilisi.
This newly automated teller machine now offers Georgians a fast and easy way to trade bitcoin and litecoin. Support for bitcoin cash has been promised, and other cryptos will also be added in the future. The ATM has been set up at a burger restaurant in the heart of the Georgian capital Tbilisi.
Cryptocurrencies in Georgia have been gaining popularity in recent years. The country has become a regional leader in the adoption of bitcoin and blockchain technologies. A new cryptocurrency terminal has been set up in Tbilisi offering the opportunity to exchange bitcoins and litecoins with the Georgian lari. The company behind the initiative promises to provide support for bitcoin cash and plans to introduce other cryptos, like ethereum.
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The BATM is operated by a local firm called TPS. The company provides exchange services through cash terminals and an online trading platform. And the BATM is installed at the New York Burger restaurant between Tkvarcheli Street and Merab Kostava Street in the Georgian capital, not far from the 26 May Square.
In addition, another crypto ATM, which also supports bitcoin and litecoin transactions, can be found on 12 Shalva Dadiani Street in Tbilisi, According to Coinatmradar. Both teller machines are manufactured by the Prague-based company General Bytes.
According to Giorgi Cheishvili, programmer at TPS, he said:
“Many people want to exchange their cryptos and a growing number of Georgians are interested in buying cryptocurrency,”
More and more people in the Caucasus believe cryptocurrencies are the future of money. Do you share same faith with the Georgians? Share your thoughts below and subscribe to our newsletter.