A new function has appeared in the ATMs of Spain. Now users can buy and sell Bitcoins. Already 7000 ATMs provide this service to their clients. This became possible after the Spanish purse of cryptocurrency HolyTransaction Trade signed an agreement with the global financial HalCash electronic system. Now the inhabitants and visitors of Spain can exchange Bitcoins for Euros and immediately withdraw funds.

A similar service is already available to the residents of Poland. On the territory of this country, about three thousand ATMs give the possibility to convert the virtual currency into real money.

What is Bitcoin

Bitcoin is an electronic currency that can be used only on the Internet. The creator of the monetary unit is Satoshi Nakamoto. It is expected that under this pseudonym not one person but a whole team is working. The developer has created a huge payment system, which is based on mathematical calculations. Everyone can mine Bitcoins. The amount of this currency in the world is limited, a maximum amount is 21 million. This restriction is prescribed in the code. The smaller virtual currency is called «Satoshi» in honor of the developer. 1 Satoshi equals 0.00000001 BTC.