Bitcoin News: Bitcoin Já Launches New Bitcoin ATM

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Portuguese manufacturer Bitcoin Já launched its first Bitcoin ATM in Lisbon over the weekend. The company is a brand new name in the world of bitcoin ATMs, so this is not only its first bitcoin machine in Portugal, but also the world. The launch of the ‘BJATM1’ model took place at the ATM’s permanent location, Lisbon’s @Cinema theatre, on Saturday, 4th October.

Bitcoin Já describes its ATM as a versatile, feature rich and highly scalable system. Being a two-way machine, it currently allows users to buy or sell bitcoins for fiat currency. However, the company said it is already working on software updates that will enable support for altcoins and PayPal payments, as well as certain types of service payments.

When discussed about the launch with Bitcoin Já founder Joaquim Lambiza, he was keen to note that the machine had been extensively tested by his team and some members of Lisbon’s bitcoin community. Lambiza has previously worked as a partner at IBM and PriceWaterhouseCoopers, where he was responsible for several global IT projects.

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“I left IBM to dedicate myself to my two passions – aviation and finding the disruptive technology that will change our lives. I found that in the block chain technology,” Lambiza said. Lambiza said he decided to launch an ATM in Portugal last January, but was not satisfied with the approach or returns offered by existing solutions. His solution? To create his own from scratch.

Lambiza explains: “A very reputable Portuguese OEM kiosk manufacturer, Partteam, had an OEM ATM kiosk design, so it was just natural that we ordered the product. I joined together highly experienced hardware and software experts, coupled with business know-how, and created the Bitcoin Já ATM model BJATM1.”

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He added that Bitcoin Já plans to sell ATMs rather than operate them, with the exception of the Lisbon installation which doubles as the company’s showrooms. Therefore the company will not charge a fee to operators for basic functionality.

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