You can now exchange currency on the streets of Osaka, Web3 has finally moved from the screen to the convenience store next door.

View Original
CoinNetwork
Crypto World News reports that cryptocurrency ATM network operator Coinhub has announced a partnership with JR West Japan SC Development. The two parties plan to set up the first Coinhub cryptocurrency ATM in West Japan at the commercial facility “Tennoji Mio” in Tennoji Ward, Osaka. The first machine is expected to be located on the 2nd floor of the Plaza Hall.

The ATM will allow users to buy cryptocurrencies with cash, as well as sell cryptocurrencies and withdraw cash on-site. Coinpost says that Japanese cryptocurrency ATMs temporarily exited the market after 2018 due to strengthened regulation, and are now redeployed only by operators that meet Financial Services Agency registration requirements, anti-money laundering requirements, and KYC requirements.

Coinhub says its future goal is to build a network on the scale of 3,000 machines.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned