QwikBit Signs Deal with Lamassu for Bitcoin ATMs

According to a release from QwikBit, the UK-based operator has signed a deal with bitcoin ATM (AVM) supplier Lamassu. The partnership will help make QwikBit one of the largest bitcoin AVM suppliers in the UK.

QwikBit

QwikBit plans on creating a massive bitcoin ATM network within the United Kingdom by placing units in cafes, shops and other populates places.

Users can deposit a minimum of €5 into QwikBit operated machines to exchange them for bitcoins. With QR codes, bitcoin ATM kiosks can be scanned, allowing a user’s digital wallet to be recognized and verified. Depending on the currency’s exchange rate of the time of the transaction, users will get the equivelant worth of bitcoin for each euro they feed into the machine.

Stan Ho of QwikBit shared his view on the partnership and stated:

“This deal is an important step in our vision to make Bitcoin available to everyone.”

After bitcoins make it to a digital wallet, users are free to spend their bitcoin online, or even donate them to charitable causes. In addition, QwikBit is happy to buy any bitcoins from users looking to sell them.

Ho adds that Lamassu units are simple to use, and easy to install due to their compact size. He says:

“The whole process of converting cash to bitcoin takes only 15 seconds. Our first AVM will be placed in the Isle of Man, where QwikBit is incorporated. We have also confirmed locations in Manchester, UK. Expect to see one of our AVM’s at the ‘Home of the Honest Coffee, a future artists project’ which launches this autumn on King Street.”

Lamassu’s CEO Zach Harvey says on behalf of his company:

“We’re very excited to have Qwikbit on board as operators of our Lamassu machines. This is a big step towards making Bitcoin more accessible in the UK. Any pedestrian can walk up to the machine and get their first Bitcoin within moments, it’s a very simple and welcoming process.”

The new deal will allow QwikBit a fast and easy step into the world of bitcoin ATMs, but more importantly, first time bitcoin users may become bitcoin enthusiasts due to the simplicity each unit provides them.

Image via QwikBit