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How to buy Bitcoin in Genoa, Italy, with the new crypto ATM
How to buy Bitcoin in Genoa, Italy, with the new crypto ATM
Crypto

How to buy Bitcoin in Genoa, Italy, with the new crypto ATM

By Alfredo de Candia - 21 Apr 2020

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In the Italian city of Genoa, the Chainblock company installed the first crypto ATM to facilitate the purchase of Bitcoin, but not only in this location. 

All this happened despite the spread of the Coronavirus, demonstrating that the crypto industry does not stop.

Within the crypto industry, buying and selling cryptocurrencies is not always easy and straightforward, since most platforms are online, often in English and require lengthy KYC procedures to complete.

A number of tools have been created and developed to overcome this difficulty, including real ATMs, which allow buying and selling crypto assets easily. Chainblock allows the purchase of, for example, Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Bitcoin Cash (BCH) and the DAI stablecoin.

Chainblock is the first company to equip an ATM with a stablecoin as well.

The advantage of these crypto ATMs is the possibility to install them in different centres, shops, shopping centres. Other ATMs are already available in the following cities: Milan, Florence, Turin, Verona, Cagliari, Rome and Venice.

Coin ATM Radar shows a map – not yet updated with this ATM in Genoa – of the various crypto ATMs that can be found in Italy.

Using this system it is possible to buy up to 3000 euros worth of crypto per day, simply by entering a phone number and scanning an ID and a photo of your face.

A new ATM in the days of the Coronavirus

This news means that Genoa also becomes part of the cities equipped with a crypto ATM.

Federico Pecoraro, CEO of Chainblock, explained:

“We are happy to be operational again. Covid19 has forced us to close all the locations and, after announcing the online platforms (bank transfers and cards) Chainblock Buy-Chainblock Cards, we are looking to the future and resume operations from the Ligurian capital in one of the most beautiful places in the city of Genoa. We are happy to include this city thanks to a collaboration with Bar Tabacchi Boccadasse”.

 

Alfredo de Candia
Alfredo de Candia

Android developer for over 8 years with a dozen of developed apps, Alfredo at age 21 has climbed Mount Fuji following the saying: "He who climbs Mount Fuji once in his life is a wise man, who climbs him twice is a Crazy". Among his app we find a Japanese database, a spam and virus database, the most complete database on Anime and Manga series birthdays and a shitcoin database. Sunday Miner, Alfredo has a passion for crypto and is a fan of EOS.

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