In Toronto, Ethereum ATM devices were installed

in ethereum •  7 years ago 

ethatm2.jpg

LocalCoinATM is a company based in Canada. The company is engaged in the production of Ethereum ATMs. LocalCoinATM installs the first devices in Canada. They were installed in three different locations: Toronto, Brampton, and Etipicock. The devices were placed in the branches of Hasty Market, a popular fast-food chain in Canada.

LocalCoinATM published an official statement:

We are pleased to announce that we have added Ethereum support to all Bitcoin ATM devices. We are the first providers of ATM devices supporting Ethereum. Ethereum is a revolutionary crypto industry thanks to its intelligent features.

Through LocalCoinATM's ATM devices, Ethereum users can easily purchase or sell Fiat Ether. Ethereum ATMs work as Bitcoin ATMs.

Why are Ethereum ATMs needed?

Most cryptocurrencies exchanges such as Bittrex, Bitfinex, Bithumb, CoinBase, and others provide professional investment tools, creating an efficient and secure environment. But such exchanges require strict anti-money laundering laws, and as a result, consumers have to go through a complex process of checking and approving bills.

In South Korea and Hong Kong, ATMs are quite popular, but buyers and sellers who trade small amounts of Bitcoin and Ethereum are not inclined to go through a tough trial.
In the years to come, the use of Ethereum has increased globally, thanks to the blockchain protocol based intelligent contracts.


picture source - pixabay.com

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