Bitcoin ATM and new solutions for merchants

Italian Bitcoin ATM company Chainblock has installed two new crypto ATMs and created new solutions for merchants to accept payments in BTC and altcoins, contributing to the mass adoption of crypto. 

Along with the worldwide growth trend in the installation of Bitcoin ATMs, which has increased by 265% since the beginning of 2021 alone, Chainblock has also stepped in for Italy. 

According to reports, the two new installations are located in Ventimiglia and Vallecrosia, and are in addition to the thirteen Bitcoin ATMs already installed by the company in Italy.

Specifically, the Chainblock ATM is located inside the reception area of the new port of Cala del Forte, in Ventimiglia, and will soon be joined by a new shop dedicated to crypto. 

Meanwhile, the Chainblock Bitcoin ATM in Vallecrosia, in the province of Imperia, is located in the Tamoil fuel service centre, called “La Locomotiva”. 

The latter location will also allow people to, in addition to buying BTC and altcoins, pay for their fuel service in crypto via Chainblock Pay. On that note, the Chainblock team commented on the news as follows:

“We are happy to expand our network and offer more and more services for merchants and customers who want to use crypto in their daily lives.” 

Bitcoin ATM and Chainblock Pay: the combo for merchants

Just like the crypto ATM installed in Vallecrosia, the possibility to use Chainblock Pay seems to include any kind of merchant who wants to accept crypto payments. 

Chainblock Pay is a decentralized platform, used for both physical businesses and e-commerce, capable of managing payments using blockchain technology. 

Not only that, Chainblock Pay is also a free-to-join service, offering 50% cashback on every commission, and able to convert BTC-Eur from the exchange directly into the user’s bank account. 

Here’s how the company describes how it works in more detail:

“After registration, the merchant, company or professional pairs one or more devices (smartphone, tablet or PC) with which they can easily receive payment. All that is needed is an internet connection and the device’s browser; there is no need to buy or rent additional hardware. The customer will be able to pay in bitcoin and the merchant will receive euros via a bank transfer, without commissions and without exchange rate risk. In addition, Chainblock Pay allows those who use the service to receive a cashback for each transaction, 50% of the commission.”

A new step for the Italian company, which only last March 2021 had integrated Apple Pay into the use of the platform. Today, in just three months, thanks to Chainblock Pay, the company is able to directly manage payments between crypto and fiat, in a decentralized manner.