Prague’s metro system has now 10 Bitcoin ATMs in several important stations that connect the whole city. The local company General Bytes, that is also one of the largest Bitcoin ATM manufacturers in the world, has been in charge of the installation of the ATMs.
Prague’s Bitcoin Metro System
Prague has one of the most important metro systems in Europe and the 5th busiest in the continent, transporting over 1.6 million passengers a day. With the new ATMs several individuals will be able to have access to the crypto market. People traveling in the metro that want to gain some exposure to cryptocurrencies will now be able to buy these digital assets.
The information has been revealed by the Czech firm, General Bytes which is one of the most important cryptocurrency-related companies in the country. The machines will be located in 10 of the most important metro stations in the city: Mustek, Nádrazí Veleslavín, Dejvická, Florenc, Černy Most, Zličín, Pankrác, Flora, Skalka, and Hlavní Nádrazi.
Some of these metro stations are located in very touristic places, something that could be very promising for the crypto community in the city. At the moment, there are several places and shops that accept virtual currencies, including a Coffee Shop that accepts only BTC; and the Crypto Anarchy Institute known as Paralelní Polis.
It is important to mark that General Bytes has an important share of the worldwide Bitcoin ATM market. At the moment, it has installed 861 crypto ATM’s in different countries, and in the future this number is expected to keep increasing.
The Czech Republic is one of the countries with the highest number of crypto ATMs installed in the world. At the moment there are 46 locations with Bitcoin ATMs and is the 7th country after the United States (1965 locations), Canada (532 locations), Austria (177 locations), United Kingdom (134 locations), Spain (55 locations) and Russia (49 locations).
The Czech Republic Moves Towards Cryptocurrencies
The installment of 10 new ATMs in the Metro is just one of the latest events related to virtual currencies in the European country. Some days ago, an important Czech utility company, known as Pražská Plynárenská started to accept cryptocurrency payments for its services. The company is one of the major suppliers of natural gas in the country, and is engaged in other commercial activities.
Pavel Janeček, Chief Executive Officer of Pražská Plynárenská, said about it:
“In June we are opening a payment gateway, which will automatically transfer our bitcoin payments into regular currency, so that we don’t have to speculate with cryptocurrency. But if anyone wants to pay in an alternative way, we want to allow them to do that.”
At the same time, the important retailer in Czechia, Alza.cz, accepts Bitcoin payments and since the beginning of this year, it decided to accept Litecoin (LTC) payments.
There are many other smaller places in Prague that are working with virtual currencies and involved in the market. Moreover, the community is very active and there are crypto-related meetings in the city very often.