The first crypto ATM called Crypto Kiosk was installed in Namibia – Bits Media

The first ATM for cryptocurrencies has been installed in the Namibian capital Windhoek. It will allow city residents to convert bitcoins and ethers into Namibian dollars.

As the local media report, crypto machine installed in Maerua Mall shopping center. In addition to converting BTC and ETH to state currency, users have the opportunity to buy crypto assets for fiat money. In the future, Crypto Kiosk crypto ATMs will be installed in other parts of the country, to serve as many cryptocurrency enthusiasts as possible. Cryptomat supports Coinbase wallets, Exodus and Binance.

Representative of Crypto Kiosk Investments Amina Naujoma-Ndeulita (Aminah Nauyoma-Ndeulita) She explained, that the crypto machine operates in accordance with international and domestic anti-financial fraud laws. Faces, made transactions worth more than $5000, will be required to provide information about your residential address and a copy of the document, identification document. Besides, During each transaction, the device will take a photo of users. Video surveillance has also been installed for security purposes..

“Cryptomat allows people to conduct their own banking transactions through a digital wallet on their phone, converting cash into cryptocurrency. Crypto Kiosk can be used for international money transfers, paying bills and investing in cryptocurrencies", — assured Naujoma-Ndeulita.

According to Coin ATM Radar data, the number of crypto ATM installations around the world is growing rapidly. During the first ten days of June, more than 800 cryptocurrency ATMs. In April, a crypto machine appeared in the building of the upper house of the Mexican parliament as a symbol of financial freedom..