The Maltese islands keep on being a hotbed for crypto activity.
After the enactment of three new crypto and blockchain laws that challenged the competition for controlling the harmful these spaces, we currently had the launch for the first two-way Bitcoin ATM?by your innovative company MoonZebra. It’s situated at the flagship Quicklets offices on Tower Road in Sliema, a legendary location around the island.
Moon Zebra is usually a collaboration between Leon Siegmund (aka Lee Winmouth), a digital nomad and self-confessed Bitcoin maximalist who have been assiduously working behind the curtain to create awareness on Bitcoin and then the crypto space in general and businessman Jonas Abrahamsson. Siegmund is considered the founders of?Bitcoin Club Malta?which will organizes events and meetups and that could be an anchor point for those local bitcoin business scene.
In exclusive comments to CCN, Siegmund explained your idea of a Bitcoin ATM will not be so high tech, however this will definitely get people interested in Bitcoin and cryptocurrency in most cases according to his thinking.
“When I gone to live in Malta two years ago there were a not a whole lot happening regarding bitcoin and decentralized ledger technology. But around 2 years and because of the collaborative effort regarding individuals, something very special happened. Originally of 2019, I met Jonas Abrahamsson within the Bitcoin Meetup in Gozo and in addition we tried to find an element that would be appreciated by way of the local Bitcoin community in Malta and our first idea would have set up public trash bins over the island. These would be would be digital and would reward usage with tokens, a wonderful idea I have to say but which never stumbled on fruition. Another idea was a Bitcoin ATM. It is relatively difficult to operate here because banks are very hostile and also want to support us but after much blood, sweat and tears, we are now happy to launch“.
Leon believes that there’s a massive risk of commerce as well as for society in general to flourish with Malta as a hub for Bitcoin and crypto normally.
Malta has had a chequered history designed for Bitcoin ATM’s in general. In 2019 Malta’s first Bitcoin ATM went missing, and charities were scammed because of over 3000. However Moon Zebra are out over change that perception in such a new ATM. Using a team of four years old crypto specialists, it specialises to maintain and installing crypto ATMs and wants to launch further projects while in the not too distant future.
What is CryptoATM?
A Crypto ATM gives people the power to get their hands on crypto similarly to how they would get cash. Users can simply walk as much the ATM and deposit fiat cash, input their public key, and crypto shall be sent to the wallet. Users may well convert crypto in fiat with the two-way ATM. This also gives people a chance to bypass exchanges and, on some levels, crypto ATMs could solve this challenge of exchanges being centralized. Moon Zebra’s crypto ATM will initially only help Bitcoin although that would change in the future.