A Swedish company has launched what it claims is Europe's first Bitcoin ATM. The machine allows peop [RYubpoi01ZO]

A Swedish company has launched what it claims is Europe's first Bitcoin ATM. The machine allows peop [RYubpoi01ZO]

| 1h 28m 28s | Video has closed captioning.

(12 Dec 2013) FOR CLEAN VERSION SEE STORY NUMBER: 921647 nats - music FOR BITCOIN BELIEVERS THIS IS THE FUTURE... UPSOUND: Nats "you can push the button to make it the official first transaction in Sweden." A SWEDISH COMPANY UNVEILED WHAT IT SAYS IS EUROPE'S FIRST BITCOIN A-T-M. WITH JUST A PUSH OF A BUTTON THIS LITTLE MACHINE TRANSFORMS HARD CURRENCY INTO BITCOINS. UPSOUND: Nats: Ah.. It's sending... Ah it's there, (applause) NOW, IF YOU'RE ASKING YOURSELF WHAT BITCOIN IS - YOU'RE NOT ALONE. WHILE THE DIGITAL CURRENCY IS TRENDING... WITH MORE THAN 1-POINT-FIVE-BILLION DOLLARS WORTH OF BITCOINS IN CIRCULATION... IT 'S RELATIVELY NEW AND HOW IT'S USED REMAINS SOMETHING OF A MYSTERY. SO WHO WOULD ACTUALLY USE THIS A-T-M? SOUNDBITE: (English) Frank Schuil, Safello CEO: "Probably first it will be the Bitcoin enthusiasts that want to check out the cool Bitcoin ATM. But beyond that we think it is a great way for people to get introduced with Bitcoin because they understand what an ATM is. FOR NOW, THE A-T-M WILL BE HOUSED IN THE DEVELOPERS' STOCKHOLM OFFICE ... BUT THEY HOPE IN THE NEW YEAR... TO MOVE IT TO A SHOPPING DISTRICT. SOUNDBITE (Swedish) David Sonnek, Head of Venture Capital, SEB Bank: "There is a lot of hype. But it is quite possible that it will last if enough people think it is an easy way to make payments." AND THE ONLY PLACE THAT'S CURRENTLY ACCEPTING BITCOINS IN SWEDEN'S CAPITAL? A FOOD TRUCK, SPECIALIZING IN CREPES. UPSOUND: Nats: nutella - ok,monsieur. How are you paying? Bitcoin. WHILE THE NUTELLA IS HEATING UP - THE BITCOIN USER SCANS HIS BITCOIN WALLET, WHICH HE CAN NOW FILL UP AT THE BITCOIN A-T-M... AND - ELECTRONICALLY-- PAYMENT IS RECEIVED. THE COMPANY EXPECTS TO DELIVER AT LEAST TEN MORE A-T-M-S TO COMPANIES AROUND THE WORLD. PADMANANDA RAMA, ASSOCIATED PRESS Find out more about AP Archive: Twitter: Facebook: ​​ Instagram: You can license this story through AP Archive: #best trading platform crypto #crypto flash drive