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   1295

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.

BTC Invesment Profitability to Exceed Traditional Assets

This conclusion was made by Binance Research team in study "What Bear Market?"; since begining of the year the BTC has grown by more than 50%, while oil by 33%
08 May 2019   320

Since the beginning of the year, Bitcoin has grown faster than traditional market assets, including oil, technology companies, real estate and gold. This conclusion was made by Binance Research in the new study "What Bear Market?"

Since the beginning of the year, the price of Bitcoin has grown by more than 50%, while oil - by 33%, tech stocks - by 18%. The price of gold in five months slipped by 1%.

Recently, however, some factors have emerged that may put pressure on the price of Bitcoin. Thus, the recovery of BTC growth slowed down somewhat amid news of a hacker attack on the popular Binance exchange itself, as a result of which 7,000 BTC ($ 40.5 million) were stolen.

Another potentially negative factor for the price of Bitcoin could be the upcoming IEO of the Bitfinex exchange, where Tether stablecoins will be used to purchase LEO tokens for $ 1 billion. It can lead to situation when large players can may actively sell BTC.