German electronics giant Media Markt, which has more than 1000 stores in Europe, announced that it has 12 stores in Austria. bitcoin He announced that he would open an ATM.
According to local news sources, the company will distribute BTC ATMs to 12 branches in the country.
Austria is seen as one of the leading countries in Bitcoin adoption and BTC ATMs in Europe. According to the data, there are 139 BTC ATMs operating in the country.
Most of the cryptocurrency ATMs in Austria Bitcoin, Litecoin, BCH, Ethereum, XRP, Dash and dogecoin is being traded. However, 65 units that make up the majority of ATMs in the country are located in Vienna.
It has been learned that Media Markt will cooperate with Kurant company for the installation of BTC ATMs. Kurant was founded in 2017 as a subsidiary of Coinfinity. The company currently has over 200 cryptocurrency ATMs in Austria, Spain, Greece and Germany.
It is thought that Media Markt has started to invest in this sector with the rise in demand for cryptocurrencies in Europe.
MediaMarkt Had to Pay $50 Million in Bitcoin as a Ransom Last Year
However, the company’s interaction with cryptoassets has not been without incident. Last year, the company was the target of ransomware attackers. Despite the attackers demanding $240 million in ransom, the company survived the attack with a $50 million payment after negotiations.
BTC ATMs have been becoming increasingly popular for some time in recent years. According to CoinATMradar data, there are 36,810 BTC ATMs around the world. However, it should be noted that 35,304 of these ATMs are located in the USA.
*Not investment advice.