Sunday, November 19, 2017

South Korean company is ready to integrate Bitcoin into their global network of ATM machines

The ability to buy and sell Bitcoin in the United States, as well as worldwide, is about to get easier as one of the world's largest ATM manufacturers is expanding their network globally to integrate Bitcoin into their systems.

Hyosung, which builds ATM's for banks and institutions around the world, has allowed for the buying and selling of Bitcoin locally in their home market of South Korea since 2014.  However beginning today, the company who also has its primary headquarters located in the state of Texas is enlarging their cryptocurrency program for both the U.S. and other foreign destinations.

South Korea’s Hyosung, one of the largest ATM manufacturers in Asia, which also has its headquarters in Texas, has officially integrated Bitcoin into its international ATM models
Since 2014 Hyosung has collaborated with leading Bitcoin service providers within the South Korean cryptocurrency industry such as the Tim Draper-backed Coinplug. For over three years Hyosung has enabled South Korean ATM users to buy and sell Bitcoin through tens of thousands of Hyosung ATMs, located at nearly every convenience store and subway station. 
Through the Coinplug mobile app, Hyosung has allowed South Korean users to easily withdraw and deposit cash to sell or obtain Bitcoin, increasing the liquidity of Bitcoin for general consumers in the region. – Coin Telegraph
Hyosung is obviously not the first company to install ATM devices that allow for the buying and selling of Bitcoin, however because of their footprint, millions more people will now have the opportunity to bypass online exchanges and trade in the cryptocurrency sphere as they see fit. 


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