"The development of Two-Way ATMs means Stargroup ATMs will not only enable users to acquire Bitcoin but also to instantly convert their Bitcoin to AUD cash at the ATM. For current Bitcoin users looking to “cash out”, the process can often take a number of days using existing Australian online digital currency exchanges. Once implemented the Two-Way Stargroup ATMs are expected to solve a significant pain point for Bitcoin users. Stargroup and DigitalX will share in transaction fees charged at the ATM.
The global Bitcoin market has grown from less than $20 billion at the start of the year to over $70 billion today. As seen through the growth in Australia’s Bitcoin Exchange volume and Australia’s internet search interest, Bitcoin has reached a level where a large-scale ATM roll-out provides a commercial opportunity"
going to give STAR ATM a huge advantage in this space, huge growth in one year highlighted above.
STL Price at posting:
3.0¢ Sentiment: Buy Disclosure: Held
