Nautilus Hyosung and Just.Cash Team Up to Enable Bitcoin ATM Transaction

A joint venture between Missouri-based mobile payment provider Just.Cash and Nautilus Hyosung, the number one ATM manufacturer in Korea, will enable Bitcoiners to transact the cryptocurrency using regular ATMs.

The service will operate very similarly to standard ATM transactions, while Just.Cash technology will enable cryptocurrency transfers to users' existing wallets with a simple QR scan. The company also indicated that it plans to add more Cryptocurrencies Cryptocurrencies By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw Read this Term in due course.

Nautilus Hyosung is the world’s fourth biggest ATM hardware manufacturer, operating more than 8000 active machines in South Korea. The company is no stranger to the crypto community as it has previously created a Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term ATM for Coinplug.

When using the ATM, bitcoins will be dispensed to the buyer’s own wallet via a scanned QR code. Once completed, the ATM prints a receipt with transaction details and cryptocurrency public and private keys.

The transaction price will be dependent on the Bitcoin exchange rate, which the ATM retrieves from the internet in real-time. Also, an additional percentage fee is charged by the ATM for the service and factored into the price.

According to the maker, supporting Bitcoin at ATMs will be a valuable addition to the whole ecosystem, and it also noted that the service will only require a software upgrade as the method used is based on how the machine was configured by the owner.

Although not many details were disclosed, the ATMs will either have a certain number of bitcoins to exchange for cash, or they will connect to a 3rd party exchange to purchase the digital currency in real-time on behalf of the buyer.