Bitcoin holders will now be able to sell their bitcoin from 16,000 Cashzone automated teller machines (ATMs) across the U.K. under an agreement reached with London-based cryptocurrency company BitcoinPoint.

  • Under terms of the agreement, after registering, Cashzone users will be able to enter an amount to be withdrawn on the BitcoinPoint website and scan a QR code. Users would then get an SMS message with a pin code to be entered at a Coinzone ATM.
  • BitcoinPoint CEO Benoit Marzouk said there is a demand for the ATMs as registering on a cryptocurrency exchange can be complex for non-tech savvy people, adding that the scarce availability of bitcoin ATMs made the accessibility of bitcoin problematic.

Read more: Number of Bitcoin ATMs Up 85% This Year as Coronavirus Drives Adoption

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