General Bytes Installs Ten Bitcoin ATMs In Prague Subway

News | May 29, 2018 By:

Bitcoin ATM manufacturer General Bytes has installed ten new machines in the Prague subway station in the Czech Republic.

Founded in 2013, General Bytes is headquartered in Prague with offices in Bradenton, Florida and is currently one of the largest bitcoin ATM manufacturers in the world. According to Coinatmradar, out of the 3,122 crypto ATMs, General Bytes has 858 worldwide.

The ten new bitcoin ATMs in Prague has been installed at different points along the city’s subway routes, the fifth busiest metro system in Europe. The machines are located at Můstek, Nádraží Veleslavín, Dejvická, Florenc, Černý Most, Zličín, Pankrác, Flora, Skalka, and Hlavní Nádraží.

The bitcoin machines offer the ability to receive BTC by email from the ATM, issuance of NFC wallet cards directly from the ATM, and fingerprint authentication in line with know your customer (KYC) and anti-money laundering (AML) best practices. The bitcoin ATMs also support alternative cryptocurrencies, such as Dash, Litecoin, and Monero.

At present, the Czech Republic is ranked 7th in the countries which have the most bitcoin ATMs installed with a total of 46 ATMs, 27 of those devices are located in Prague. The United States has the highest number of bitcoin ATMs of any country, with 1,945 devices.