After successful launch in Spain, Chip Chap, the Spanish e-money converter, is now going to enable users in Poland to withdraw cash money at the 4,000 ATMs. This is an astounding success for a company that is going to reach to the people at such a large scale. The app allows users to convert their money, aims to expand further and this is just one step towards that.
Chip Chap says that it wants to spread Bitcoin throughout Europe with the app that is known for tying Bitcoin to a network of thousands of ATMs in Spain. Not long ago, the company launched its services in Spain; now, it looks, the team is quick to pick up another country as the app can be used with roughly 4,000 Polish ATMs.
According to the announcement the Chip Chap that connects prepayment systems with cryptocurrencies is going to transform the way transactions are done. The Android app supports a range of payment systems and vouchers, like Bitcoin, Ukash, HalCash, PaysafeCard, and many others. These vouchers don’t require a bank account or a credit card.
Now, users can trade their currency for Bitcoin, and then convert their Bitcoin to the vouchers. This has been working quite well in some European countries like Spain, Poland, France, and England and even in Mexico. The users need to have access to the smartphones for the conversions. They can also cash out the vouchers into cash at participating ATMs.
Wide Network of ATMs to Facilitate Withdrawal of Money
The announcement also claims that the app works with a network of over 10,000 ATMs on Spain’s Telepay network, ranging from ING Direct to Euronet ATMs. Using the app users can withdraw their Bitcoin in the ATM for now and at the same time do much more; however, the latter part depends a lot and still in the future.
With the latest decision to help users withdraw to cash in their Bitcoin from ATMs in Poland, the Chip Chap team is aiming on edging cryptocurrencies into everyday use. It is also helping users send money to friends and family via social networks. Moreover, as the app connects Bitcoin with vouchers systems across the world, it has global appeal.
Interestingly enough the app is compliant with global Anti-Money Laundering and Counter Financial Terrorism laws. Thus, the users can stay assured that their transactions won’t leave them to visit authorities to fight for money laundering charges.
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