Prague Subway equipped Now with 10 New Bitcoin ATMs

Large Bitcoin ATM manufacturer, General Bytes, has lately set 10 new cryptocurrency ATMs throughout the Prague subway in the Czech Republic
28 May 2018   1719

Presently commuters using the Prague Metro can buy digital assets at different  locations placed across the fifth busiest metro system in Europe. The Czech Republic-based company General Bytes has displayed the installation of 10 new crypto ATMs spread out across the Prague Metro. The subway gains more than 1.6 million people in daily foot traffic and is one of the intent metro systems in Europe. The General Bytes machines are situated at Můstek, Nádraží Veleslavín, Dejvická, Florenc, Černý Most, Zličín, Pankrác, Flora, Skalka, and Hlavní Nádraží. Moreover, General Bytes affords a detailed map and description of each location on the website.

The new equipment will supposed to get some use in the region as Prague is considered a booming crypto hub, as the area is filled with a numberof crypto-enthusiasts. For example, the area is home to the Crypto Anarchy Institute, Paralelní Polis, and a few cryptocurrency businesses including the ATM manufacturer General Bytes.

The Czech government is rather friendly to cryptocurrencies and politicians haven’t controlled digital currencies or determined them as a currency or commodity like other nation states. Just 3 days ago one of the largest energy suppliers in the Czech Republic, Pražská Plynárenská, declared it was accepting BTC for payments.  

Including the ten new machines, the Czech Republic will now have a total of 46 cryptocurrency ATMs and 27 of those devices are placed in Prague. According to Coinatmradar out of the 3,122 cryptocurrency ATMs, General Bytes now has 858 worldwide.

Lightning Labs to Raise $10M

As reported, the raised funds will be allocated to enforce the team with developers and commercial speciaslists
06 February 2020   301

Lightning Labs attracted $ 10 million investment during the A-series financing round, and also introduced a beta version of its payment service for outlets that work with bitcoin.

If bitcoin is going to reach its potential as a viable global currency, it’s going to need to scale beyond the base layer. Similar to how Visa relieves banks from handling all fiat currency traffic, Lightning relieves the base bitcoin chain from handing all transactions, thus bring more speed and fee efficiency to the network.

 

Brian Murray

Managing Director at Craft Ventures

With the help of the raised funds, the company intends to hire more developers and commercial specialists, so that it will be able to convey the applied solutions to users. In 2018, Lightning Labs unveiled a beta version of its LND scaling solution and received $ 2.5 million investment from several investors, including Twitter CEO Jack Dorsey and Litecoin creator Charlie Lee.

Now a beta version of the new Lightning Loop service has been launched, with the help of which outlets can more effectively manage payment channels and maintain liquidity in them. Several customers have already become interested in this tool, including the developer of the Fold shopping application, which processed approximately 1,600 transactions through the Lightning Network during the holidays in 2019.

We’re growing fast and Lightning Labs’ loop service makes it simple to manage our lightning node’s liquidity, letting our team focus on building out great user experiences that bring lightning to the world.

 

Will Reeves

Fold

According to Lightning Labs, this year the company will be developing tools for working with larger payment channels. We are talking about both individual channels, which individually can hold more than $ 1,500, and multidirectional ones, which break down payments into smaller parts.