Malta Gets its First Two-Way Bitcoin ATM

Malta Gets its First Two-Way Bitcoin ATM

Following the enactment of three new crypto and blockchain laws that set the standard for regulation of crypto, the launch of the first two-way Bitcoin ATM by the innovative company MoonZebra has been perfected. It’s situated at the flagship Quicklets offices on Tower Road in Sliema, an iconic location on the island.

Moon Zebra is a collaboration between Leon Siegmund (aka Lee Winmouth), a digital nomad and Bitcoin maximalist who has been assiduously working behind the scenes to create awareness on Bitcoin and the crypto space in general and businessman Jonas Abrahamsson. Siegmund is one of the founders of Bitcoin Club Malta.

In exclusive comments to CCN, Siegmund explained that the idea of a Bitcoin ATM might not be so high tech, but this will definitely get people more interested in Bitcoin and cryptocurrency in general according to his thinking.

He said: “When I moved to Malta two years ago there was a not much happening regarding bitcoin and decentralized ledger technology. But within just 2 years and thanks to the collaborative effort of many individuals, something very special happened. In the beginning of 2017, I met Jonas Abrahamsson at the Bitcoin Meetup in Gozo and we tried to find something that would be appreciated by the local Bitcoin community in Malta and our first idea was to set up public trash bins on the island. These would be would be digital and would reward usage with tokens – a great idea I have to say but which never came to fruition. Another idea was a Bitcoin ATM. It is very difficult to operate here because banks are very hostile and don’t want to support us but after much blood, sweat and tears, we are happy to launch”.

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