Bitcoin ‘vending machines’ arrive in Isle of Man – Isle of Man Today

Bitcoin ‘vending machines’ arrive in Isle of Man

by Dave Kneale Published on the 28 July 2014

New ‘vending machines’ for digital currency Bitcoin could be appearing in the Isle of Man after a local company received its first shipment of the units.

The countertop 200x200machines, operated by Manx-registered firm Qwikbit, will allow users of digital currencies to make on-the-spot exchanges of cash for Bitcoins.

Stan Ho, chief operating officer of QwikBit, said: ‘Qwikbit has been liaising with the Financial Supervision Commission regarding our launch. Once we have the green light, we’ll install a number of automatic vending machines in the Isle of Man, and then roll out the rest of this batch in the UK,’

Charlie Woolnough, chairman of the Manx Digital Currency Association, said: ‘The arrival of the Qwikbit automatic vending machines is another step forward in making Bitcoin more accessible to the general public and establishing the Isle of Man as a domicile of choice for crypto-currency businesses.’

 

Donations accepted:

BTC 12nKwdJ3jjDQCsU9tNwe6aEPUfky4HtXQX
LCT LQkPrfSwrFBh11bSa9Kc9p2ajSLyi8hTiG
DOGE D9HzsVueKALe9fQKHsUXVJupq2DABTcHE2

via Bitcoin ‘vending machines’ arrive in Isle of Man – Isle of Man Today.

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