In what could be termed as a major step towards digitisation of money, the first cryptocurrency ATM has been installed in India. The ATM is installed by domestic bitcoin company Unocoin at the Kemp Fort Mall in Bengaluru and is reportedly meant exclusively for Unocoin customers. The company says that its customers can use this ATM to deposit or withdraw money, which can then be used to buy cryptocurrencies from Unocoin’s website or mobile app. The development comes at a time when India’s central banking institution is mulling to introduce an official virtual currency in India.
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