Showing the magnitude of the Bitcoin transactions and popularity of the digital currency, SatoshiPoint’s Bristol ATM processed £38,000 ($61,500) worth of transactions this August. The organization was pleasantly surprised to know this as according to it this is an indication of the fact that the Bitcoin market outside London should definitely not be ignored.
The unprecedented success came to the company after it installed a Bitcoin ATM at a restaurant called Superfoods in June. In his statement to media SatoshiPoint co-founder Hassan Khoshtaghaza said that 250 transactions were completed in August, making up the £38,000 in value which in dollars goes to $61,500.
Similar views were expressed by Jonathan Harrison, Khoshtaghaza’s partner in the business, who said that most of the transactions were to purchase Bitcoin and according to him it’s mostly been buy transactions there. He added that the Bristol location is doing well for the company and that also shows that there is a lot of scope outside London.
This is not the only Bitcoin ATM that SatoshiPoint operates; there are four BTC ATMs in the United Kingdom e.g. two in London, one in Brighton, and the Bristol machine. Three of the ATMs are Robocoin units, which offer two-way transactions between Bitcoin and fiat currency. The one is a one-way Lamassu version that only allows customers to buy Bitcoin.
Bitcoin Becoming Popular Beyond the Capital City London
According to Superfoods founder Charlie Furnivall, the fast-food restaurant with healthy food has gained a lot of popularity thanks to Bitcoin ATM as well, and in fact got customers coming in and using the machine.
He admitted that his outlet got people using the digital currency most days and it according to him has definitely been good for business. The restaurant owner also told the media that the Bristol machine has even attracted users from neighboring countries like Wales, as well as local regulars who are loading up on Bitcoin.
Charlie Furnivall showed his happiness and admitted that his organization has got a range of people coming in and there’s one guy who comes in every week on a Friday in a scaffolding van, and he feeds the machine a whole load of cash.
To contact the reporter of this story: Deepak Tiwari at email@example.com