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Prague adds underground Bitcoin ATMs
Prague adds underground Bitcoin ATMs
Blockchain

Prague adds underground Bitcoin ATMs

By Fabio Carbone - 28 May 2018

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Leggi l’articolo in italiano qui.

In ten stations of the three lines of Czech capital’s underground Bitcoin can be bought while waiting for the next train.

The locations are strategic: inside newsstands and tobacco stores at stations frequented every day by tens of thousands commuters.

General Bytes gave great visibility to the initiative by creating on the company website an interactive map of ATMs, full of photographs and detailed information on the location and functionality of each cryptocurrency ATM.

underground bitcoin

Users can exchange the Czech crown for bitcoin, dash, litecoin and monero during the opening hours of the shops in which they have been placed.

For those who know the Czech language, there is also a General Bytes video guide explaining how to use the recent generation of compact BATM2 devices.

The ten subway stations

The 1.6 million visitors can buy cryptocurrencies at the city’s ten most important metro stations. The stations run around the Můstek and Florenc exchange stations.

  1. Můstek,
  2. Nádraží Veleslavín,
  3. Dejvická,
  4. Florenc,
  5. Černý Most,
  6. Zličín,
  7. Pankrác,
  8. Flora,
  9. Skalka,
  10. Hlavní Nádraží.   

underground bitcoin

Prague, the city of Bitcoin ATMs

According to data provided by Coin ATM Radar, the Czech Republic has 46 cryptocurrency ATMs in operation (the seventh largest in the world), 34 of which are located in Prague.

Italy, to make a comparison, has 28 on the whole territory: but it’s not that bad, they are in ninth place in the special ranking of installed Bitcoin ATMs.

Prague is one of the European capitals where bitcoin has broken through. Here a great ferment of initiatives has been created, Paralelni Polis was born, an anarchic coworking crypto space, founded by the Institute of Crypto anarchy, a location very frequented by hackers and used to organize the Bitcoin Meetup of the city.

Bitcoin Coffee, on the other hand, is the most populated place on the property, where coffee is rigorously paid in bitcoin.

If the customer does not have one, the coworking area hosts two cryptocurrency ATMs.

Fabio Carbone
Fabio Carbone

A freelance writer since 2013 he studied computer science, philosophy and also a bit of sociology. In 2016 he discovered the crypto economy and since then writes about blockchain technology and cryptocurrencies, to further deepen a movement that is not only made of experts mathematicians and cryptographers but also of people who generate a new economy from the bottom. He writes about the same topic on various industry websites. He writes about Industry 4.0 and digital economy in general.

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