Passengers at Amsterdam’s airport can exchange leftover euros for cryptocurrency

Posted: 21 June 2018 1:53 pm
Amsterdam Schiphol airport small

The bitcoin ATM is part of a six month trial service offering bitcoin and Ethereum in exchange for euros.

If you’re traveling through The Netherlands anytime soon and want to unload your unused euro cash before heading home, Amsterdam’s Schiphol Airport has installed a bitcoin ATM as a trial service to assist passengers.

Schiphol is the first airport in Europe to offer this type of service. The ATM allows travelers to exchange their “local” euros for “global” cryptocurrencies. Currently only bitcoin and Ethereum are available for transfer.

“That can be beneficial if, for instance, it’s not possible to spend euros in their home country,” Amsterdam Airport Schiphol director of consumer products and services Tanja Dik said.

The bitcoin ATM will remain at Schiphol for six months as part of the trial service to examine consumer demand. The ATM is located in the heavily trafficked Arrival Hall 2, in the corridor to Departure Hall 1 and 2.

The concept was created by Amsterdam Airport Schiphol and fellow Dutch company ByeleX Data Solutions BV.

The stats show that bitcoin ATMs have been popping up globally at an alarming pace over the last 18 months.

At the beginning of 2017, there were just 1,000 machines located around the world. Less than 15 months later, this figure has tripled to 3,134 machines across 70 countries, comprising 437 operators and 31 producers.

There are just shy of 2,000 bitcoin ATMs located in 43 different states and districts across the United States.

Last month, Brisbane International Airport in Australia began employing TravelbyBit’s crypto payment system. Travelers passing through can now spend bitcoin, Ether, Litecoin, Dash, Bitcoin Cash and XEM at some retailers.

Disclaimer: This information should not be interpreted as an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade. Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the cryptocurrencies discussed.

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