When it comes to technological advancements, there is nothing that Dubai doesn’t wish to integrate in its infrastructure. A few days ago, the most technologically advanced city of the United Arab Emirates, got its first bitcoin ATM.
The bitcoin ATM offering its services in Dubai is a very important step. Mainly because Dubai’s population has an incredible taste of luxury and has the world’s largest shopping malls and the tallest building. At the moment, the bitcoin kiosk is fully operational and is accepting cash for crypto. The ATM is located at the 5-star hotel in JBR, Rixos Premium.

Litecoin (LTC) Price Analysis: Bears Are Back, $100 Holds Key
Thursday July 11, 2019

Litecoin price failed to climb above $125.00 and declined heavily against the US Dollar. LTC price is down more than 15% and it recently broke the $110.00 and $105.00 support levels. There is a major bearish trend line forming with resistance near $118.80 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase). […]

The post Litecoin (LTC) Price Analysis: Bears Are Back, $100 Holds Key appeared first on 12bit trade.

We have installed a Bitcoin ATM in Dubai at the Rixos Premium Hotel in JBR, Marina. Located on the Mezzanine (M) Floor.
shoutout to @LamassuBTC pic.twitter.com/XtxvHvvOeb
— Amhora (@amhora_com) March 19, 2019

Lakers should explore using Brandon Ingram at PG – Stephen A. Smith | First Take
Friday November 09, 2018

Stephen A. Smith and Max Kellerman break down how the Los Angeles Lakers used improved defense and Brandon Ingram at point guard to beat the Minnesota Timberwolves at Staples Center. Subscribe to ESPN on YouTube: http://es.pn/SUBSCRIBEtoYOUTUBE Subscribe to ESPN FC on YouTube: http://bit.ly/SUBSCRIBEtoESPNFC Subscribe to NBA on ESPN on YouTube: http://bit.ly/SUBSCRIBEtoNBAonESPN Watch ESPN on YouTube

The post Lakers should explore using Brandon Ingram at PG – Stephen A. Smith | First Take appeared first on W88.

The location is also a very interesting factor to note. The Rixos Premium is 30 seconds away from the Dubai Eye, the Dubai Marina Mall and the Mall of the Emirates. This means that many kiosks can be opened within that relatively short perimeter and their success would be incredible.
The bitcoin ATM will probably be something completely normal in 10 years
At the moment, the bitcoin ATM is only supporting a limited amount of crypto purchases. Of course, after the initial implementation many new features are lined up to be added. The bitcoin ATM was created by the Amhora company. They also own a blockchain explorer web app. Amhora currently charges a 5% commission of every single purchase. There are of course plans to reduce the commission if the bitcoin ATMs increase substantially in popularity and usage.
Anhad Dhingra, the CEO of Amhora spoke to a local news agency about the fee:
 „You have the ability to purchase bitcoin instantly. You otherwise have to go through many procedures which take a huge amount of time. The kiosk makes it simple: you insert cash and you get bitcoin. There are of course the options to purchase bitcoin though banking platforms and debit cards, but in our case, we accept cash and its very different. We are very excited since this is the first commercial kiosk in the city.”
There aren’t any legal issues with the buying process. The bitcoin ATMs are licensed through Dubai’s Department of Economic Development. Even though, there aren’t any know-your-customer (KYC) laws to go around, selling the bitcoin requires an Emirates ID or passport. In order to help with the purchasing and/or selling process, the kiosk displays the bitcoin price in real-time.
With the new bitcoin ATM being operation, Dubai is already making progress towards becoming the first blockchain city by 2020. While many experts believe that first blockchain city will probably begin to exist by 2030, Dubai is doing its best to prove them wrong.
You can also check out:

Jewelry Stealing Prank: Best Employee Reactions [VIDEO]
Saturday December 15, 2018

The “jewelry stealing prank,” the latest viral trend sweeping across internet, is filling social media with videos of people trying on expensive jewelry and then pretending to run out of the store, while filming the reactions of the unsuspecting store employees. The viral trend started in China, with hundreds of videos flooding Chinese social media sites. The […]

The post Jewelry Stealing Prank: Best Employee Reactions [VIDEO] appeared first on 12bet - Bet365.

Elon Musk: Bitcoin’s Structure is Brilliant and a Better Way to Transfer Value
BNB: How Did This Cryptocurrency Rise During the Bear Market
Universal Income: The Positives and Negatives from Finland
Number One Blockchain by 2020: NEO’s Founder Speaks Boldly

 

The post Bitcoin ATM: The First of Many in Dubai appeared first on CoinStaker | Bitcoin News.