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Helsinki Unveils Europe's First Bitcoin ATM

Tyler Durden's picture





 

While Canada has had Bitcoin ATMs for over a month, bringing the virtual currency closer to mainstream acceptance; Bittiraha.fi reports that at one of the busiest spots in Helsinki, the Finns have opened the first permanent Bitcoin ATM installation in Europe. With the Chinese shunning the crypto-currency for now but the Swiss inching towards a broader acceptance, the appearance of ATMs (like this one at a well-known Finnish record store in the Helsinki railway station) will only serve to stoke the public interest.

 

Via Bittirahi.fi,

We've launched THE FIRST permanent installation of a Bitcoin ATM in Europe. It's right there, ready for use, at one of the busiest spots in Helsinki. Proof is in the pics.

200 000 people walk through the tunnels of the Helsinki Railway Station each day. It's one of the busiest places in the city.

Levykauppa Äx is a well known Finnish record store chain.

Life at "AsematunnelI".

People. People everywhere.

Enter Bitcoin.

Can you see it?

Ah, there it is.

There it is. And it works.

BItcoin ATM selfie?

 


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Mon, 12/16/2013 - 22:57 | Link to Comment Four chan
Four chan's picture

its a hot knife through butter tonight. 685 

Mon, 12/16/2013 - 23:24 | Link to Comment DoChenRollingBearing
DoChenRollingBearing's picture

Well, if BTC survives this latest assault OK, then I presume that BTC ATMs would spread to elsewhere in Europe.  I hope so, because Helsinki is not on our priority list to visit (as tourists).  This looks to prove (yet again) that Finland is the world leader in computer technology.

C'mon France, Germany and Italy!  We're heading your way in 2014! Get some of those ATMs set up!

http://bitcoinwisdom.com/ has an ominous looking chart (12 hour time frame, upper left), a nasty-looking Double Top...

Mon, 12/16/2013 - 23:29 | Link to Comment Exponere Mendaces
Exponere Mendaces's picture

@DoChenRollingBearing

Since you're making an effort to acclimate yourself, I thought I'd chime in with some price posibilities. Its entirely possible that we'll be in an extended slump down to the prior all-time-high area of 260's (Bitstamp). I'm looking for that as an initial low, with recovery later to the 400-plus area and beyond.

It is interesting the ATM idea is taking off in another place, guess we'll see if the local authorities freak out or not.

Tue, 12/17/2013 - 02:16 | Link to Comment fonestar
fonestar's picture

GO FINLAND!!

WE LOVE YOU SATOSHI AND WE ARE NOT WORTHY TO WASH YOUR FEET AND CLEAN YOUR LINEN!!!

Tue, 12/17/2013 - 02:58 | Link to Comment Harlequin001
Harlequin001's picture

'We've launched THE FIRST permanent installation of a Bitcoin ATM in Europe. It's right there, ready for use, at one of the busiest spots in Helsinki. Proof is in the pics. 200 000 people walk through the tunnels of the Helsinki Railway Station each day. It's one of the busiest places in the city.

'Funny old thing, there's no one stood in front of the ATM...

Do me a fucking favour, the 'Finn's' haven't installed anything, a record kiosk in a Finnish train station has installed a bitcoin ATM. Which means it's only as permanent as company policy, which means until they take it out through lack of use.

So, we've got one in Canada, now one in the very heart of Europe, Finland (eh?), so now if only I could find one in China as well... Oh, wait...

Tue, 12/17/2013 - 04:53 | Link to Comment i-dog
i-dog's picture

This looks and reads like a paid advertisement. 0/10 for Tyler.

Tue, 12/17/2013 - 02:22 | Link to Comment Non Passaran
Non Passaran's picture

The idea is crazy on so many levels... Privacy, tax, etc.
It's a much better deal to buy in cash, pay a bit extra and stay off the radar.

Mon, 12/16/2013 - 22:51 | Link to Comment Debtonation
Debtonation's picture

Still waiting for Tyler to start accepting Bitcoin donations.

Tue, 12/17/2013 - 01:35 | Link to Comment Kirk2NCC1701
Kirk2NCC1701's picture

Good luck, as I can't even get them to take a stand of whether they own any, or what their views are.

C'mon, it's not like they lack editorial opinion. So, clearly they see an advantage in straddling the fence: To eat their cake and have it too.

Tue, 12/17/2013 - 01:57 | Link to Comment Debtonation
Debtonation's picture

I don't blame them for being a neutral face on a controversial topic amoung ZHers.  I just want to show some appreciation for the valuable service I receive.  I suppose it will take BTC to go a little more mainstream before it finally happens.

Mon, 12/16/2013 - 22:56 | Link to Comment krispkritter
krispkritter's picture

Bitti-haha...for when the jokes on you...

Mon, 12/16/2013 - 22:58 | Link to Comment JohnnyBlaze
JohnnyBlaze's picture

Does it accept pennies?

Mon, 12/16/2013 - 23:10 | Link to Comment infinity8
infinity8's picture

Yes, for gumballs. Different hole.

Go 'round back.

Mon, 12/16/2013 - 22:57 | Link to Comment CheapBastard
CheapBastard's picture

"If you can't hold it...."

Tue, 12/17/2013 - 02:57 | Link to Comment putaipan
putaipan's picture

.... "it ain't worth shakin' ?"

Mon, 12/16/2013 - 23:00 | Link to Comment Dr Benway
Dr Benway's picture

You can buy used panties in ATMs too. Doesn't really mean used panties will become the next payment system of the world.

Mon, 12/16/2013 - 22:59 | Link to Comment seek
seek's picture

FYI - the collapse in pricing appears to be an exodus in China. The rumors are now confirmed that using BTC in China will be de-facto illegal by Chinese New Year. They're shutting down the ability of payment processors to intereact with the bitcoin exchanges immediately, and businesses that are accepting bitcoin will be breaking the law in about 6 weeks.

Mon, 12/16/2013 - 23:12 | Link to Comment DoChenRollingBearing
DoChenRollingBearing's picture

I appreciate the update, thanks.  I wonder what that will do re worldwide demand.  

Now it gets interesting!

 

EDIT:

I saw your note earlier this afternoon about your examining the blockchain, how there appears to be manipulation and how almost nothing could be trusted (other than Pb).  Short-term, right?  Or could the Chinese .gov and the rest of the central banks found a way to bring it down?

Mon, 12/16/2013 - 23:35 | Link to Comment seek
seek's picture

That statement was a general one. At this point I'm throwing my hands up and considering the entire financial system (USD, AU, bitcoin, you name it) compromised by people who want to manipulate them. So the term is until we have a big enough reset that manipulators are wiped out. I haven't changed any of my holdings (bitcoin or otherwise), but what I'm saying is the markets for everything are manipulated, even things that were previously clean (e.g. bitcoin.)

Bitcoin can't really be wiped out in a conventional sense, but it can be made illegal and/or they can block convertibility. Word is out today that Chase is flat out closing any business account that touches bitcoin in any way, even as simple as receiving funds from Coinbase, a US bitcoin exchange with proper licensing -- meaning their closing accounts that are in 100% complicance legally.

The only thing TPTB can really do to bitcoin on a technical basis is to intentionally losing money to create volatility, e.g. buying up millions and then dumping it all at once, which they appear to be doing. After that, the only technical (as opposed to legal) option is pretty much shutting down the internet.

It's interesting to me we're seeing moves like the Swiss essentially endorsing bitcoin as a currency at the same time China and some US banks are trying to kill it. China's position is a 180 degree turn as well, they were completely OK with bitcoin just a couple months ago, which people took as an endorsement. I find it very curious that we keep seeing these 180 degree turns (the bitcoin IRA from a few days ago, China, etc.) I can't put a finger on it but it feels like something is unraveling to me (something other than bitcoin, that is.)

 

Mon, 12/16/2013 - 23:47 | Link to Comment Husk-Erzulie
Husk-Erzulie's picture

Seek, and other hedgies who follow developments in BTC world.  If you haven't read the following, you may find it interesting.  I did, man what a story this is... 'where she stops, nobody knows...'  it feels very immediate and time foreshortened (all happening very fast).

http://cryptome.org/2013/11/bitcoin-pirate-nakamoto.pdf

:-)

Tue, 12/17/2013 - 00:29 | Link to Comment seek
seek's picture

That paper was retracted just a couple days after it was published: http://money.cnn.com/2013/11/27/technology/bitcoin-silk-road/

Shamir is a very wise cryptologist, but is out of his element with bitcoin or simply hadn't studied it enough (or made the mistake of lending his name to someone on this paper.)

The actual owner of the coins in question mentioned in that paper came forward as well, he was an early bitcoin miner.

Tue, 12/17/2013 - 00:49 | Link to Comment Husk-Erzulie
Husk-Erzulie's picture

Even more fascinating

Tue, 12/17/2013 - 00:09 | Link to Comment infinity8
infinity8's picture

Now, I didn't see this comment before I replied to you below. So all I'm saying here is that based on: "Bitcoin can't really be wiped out in a conventional sense, but it can be made illegal and/or they can block convertibility. Word is out today that Chase is flat out closing any business account that touches bitcoin in any way, even as simple as receiving funds from Coinbase, a US bitcoin exchange with proper licensing -- meaning their closing accounts that are in 100% complicance legally."

I would rather buy more food/food producing resources/gun/ammo than a bitcoin. But I'm a tight-ass like that.

Tue, 12/17/2013 - 02:46 | Link to Comment putaipan
putaipan's picture

i've only made it half way thru this thread but i'm pretty sure the message is - fonestar ! quick! turn 'em into caucazoid numismatic and shove 'em up yer ass quick! like right now, like chile 2017- pull 'em out @ 100000$. post nothing until then.

Tue, 12/17/2013 - 02:14 | Link to Comment Non Passaran
Non Passaran's picture

Seek I am surprised you don't see that Bitcoin is completely replaceable and can be emulated virtually at zero cost.

Tue, 12/17/2013 - 16:48 | Link to Comment MeelionDollerBogus
MeelionDollerBogus's picture

yup. I could do it myself with gold coin vouchers for my gold coins backed by pgp signatures. With an expanding, redundant but NOT "majority network" of a pgp signature (on keys, on messages) web of trust, it would be infinitely more reliable than bitcoin & faster to produce the vouchers.
And I don't need to produce any more than what I have goods to back them so it doesn't take any excessive power usage.
James Turk with goldgrams at goldmoney.com could easily do this given how much gold there is, permitting all the users (account holders) to do this & vouching for each voucher himself with another signature & key to indicate an audit shows the silver, gold or platinum in question is in fact in the vault & tradeable.
Any key invalidation event or signed message can verify some particular gold/metal is NOT in the vault anymore, has been delivered. Those revocations are not reversible.
Keys can be revoked too: that's also not reversible.

Tue, 12/17/2013 - 16:45 | Link to Comment MeelionDollerBogus
MeelionDollerBogus's picture

that's why barter, gold & silver, physical transactions only (you need physical goods so WHY would you send money electronically?) are the answer.
The security defies manipulation: on the spot you decide what something is worth, as goods, as services, as money.
You see it, hold it, smell it, judge it, measure it & decide.

Mon, 12/16/2013 - 23:35 | Link to Comment infinity8
infinity8's picture

So, I asked you a coupl'a weeks ago on the other side of this story if you were selling at all and, you were not. Are you buying at all now?

Mon, 12/16/2013 - 23:43 | Link to Comment seek
seek's picture

I'm contemplating it. I think if it went below $250 I'd definitely put some more in. As I've said before, to date I've only put my risk capitial (i.e. 100% loss is acceptable) into bitcoin, and as a result I also expect out-sized returns/losses.. I think if BTC went to $250 it'd be free money buying in at that point and I'd be willing to put some of my non-risk capital into it. My gut feel is the floor is around $500 and the profit potential (for me) at that price doesn't outweigh the risks of moving my non-risky money into it.

Translating all that: as I said before when we were at $1,200, BTC was getting way ahead of itself due to speculation. My gut tells me real price discovery happens between where we are right now ($600) and my $250 "free money" buy in point.

Tue, 12/17/2013 - 00:01 | Link to Comment infinity8
infinity8's picture

Well firstly, I sincerely appreciate the reply because obviously, I'm a dumb-ass on this, while intrigued. Secondly, as I've said a thousand times over many years, "the only thing holding me back is lack of capital". Third, I don't think that the things that I consider "valuable" or "important" are remotely like the things that most other people would list. But I'm still and always looking for the right opportunity. I wish you well and don't be a stranger!

Tue, 12/17/2013 - 02:10 | Link to Comment Non Passaran
Non Passaran's picture

Let's say China (BoC) introduces CommCoin and says that's the only legal crypto currency in China. They can even oversee it less strictly (at least for a while).And maybe back it with gold.
What would that or any half-sane plan by a sovereign do to Bitcoin exchange rate?
I like the idea but it's gotten ahead of itself. It won't be that easy to destroy fiat. Look what they did to PMs for fucks sake.

Tue, 12/17/2013 - 02:52 | Link to Comment putaipan
putaipan's picture

please send more to this man's educational fund - 15Vnf2WsDLiwfKfE8odhYUHkxWTTzM4vBC

it'll come back to you 200 fold. this is not a pyramid scheme. sorry seek- me still no open wallet.

Tue, 12/17/2013 - 16:14 | Link to Comment MeelionDollerBogus
MeelionDollerBogus's picture

timing will  be critical. A low of 100 most certainly will follow a prior low of 250 but it could be 500 between those 2 end-points.

Mon, 12/16/2013 - 23:01 | Link to Comment Suisse
Suisse's picture

I hope no one used it today, they would have lost a significant percentage already. 

Mon, 12/16/2013 - 23:01 | Link to Comment Yen Cross
Yen Cross's picture

   Is that an instant coffee maker on the right side?

Mon, 12/16/2013 - 23:08 | Link to Comment centerline
centerline's picture

Valium dispenser.

Mon, 12/16/2013 - 23:06 | Link to Comment fxrxexexdxoxmx
fxrxexexdxoxmx's picture

What the heck is Bitcoin? Does anyone know where I could find a few articles a day about it?

Mon, 12/16/2013 - 23:04 | Link to Comment Unpopular Truth
Unpopular Truth's picture

does it only sell BTC or also buy it for cash?

Mon, 12/16/2013 - 23:05 | Link to Comment centerline
centerline's picture

Shouldn't it have a handle on the side that you pull... and it makes coin-like sounds as it processes your transaction?

Mon, 12/16/2013 - 23:35 | Link to Comment Exponere Mendaces
Exponere Mendaces's picture

@centerline

Nah, that's only when you contribute to your 401k or other retirement vehicle that is totally rigged by the corrupt financial system. You know, that thing they'll raid later on to bring the budget back into line... or just steal and spend like they usually do...

Mon, 12/16/2013 - 23:07 | Link to Comment infinity8
infinity8's picture

Look! -a mall with people in it! Oh, no . .  . a railway station. and it's x-mas. never mind.

Mon, 12/16/2013 - 23:16 | Link to Comment sixsigma cygnus...
sixsigma cygnusatratus's picture

And it's completely anonymous!

/s 'cause you never know around here...

Mon, 12/16/2013 - 23:28 | Link to Comment robertocarlos
robertocarlos's picture

I could not use a pay-phone in Europe. I did not know how it works. Stpuid thing kept the money though.

Tue, 12/17/2013 - 00:15 | Link to Comment Colonel Klink
Colonel Klink's picture

A selfie ATM.  Doesn't Obama take those?

Tue, 12/17/2013 - 01:53 | Link to Comment Kirk2NCC1701
Kirk2NCC1701's picture

Ok, time to sweep aside peripheral and irrelevant arguments, and to look at the deeper implications of PBOC's "2nd shoe" that dropped.

To get the ball rolling...

1. They do not seem to be serious about killing the Dollar's GRC status, since they cannot possibly so obtuse that they fail to see that...

2. Gold (money) + BTC (currency) = Alternate Monetary System (of alternate/parallel economy) = Killer of Dollar's GRC status

3. PBOC is clearly opting for gold-associated fiat CNY. Not very innovative or threatening to the "Fed & CB Friends".

4. 1-3 above does not exclude or prevent China's game of brinksmanship of dealing themselves a better deal in a revised SDR, which to date has been very heavily weighted toward the USD, EUR, YEN and GBP.

Tue, 12/17/2013 - 15:43 | Link to Comment MeelionDollerBogus
MeelionDollerBogus's picture

overissuance of credit & depletion of oil is the only factor-set involved in the removal of the dollar global system.

Tue, 12/17/2013 - 01:53 | Link to Comment 22winmag
22winmag's picture

The horse is really out of the barn now...

Tue, 12/17/2013 - 12:25 | Link to Comment Sauerkraut-Opinion
Sauerkraut-Opinion's picture

....only a born fool may presume that launching every new "FIRST" permanent installation of a Bitcoin ATM is not just a spectacle for Wallstreet-Journals but also for the 1000 gamblers and developers behind the whole system - in possession of 50 percent of all bitcoins respectively cashing up transaction fees - including the Finn Martti Malmi himself.

Finally another Ponzi scheme where a fixed amount of unbacked "something" faces an media driven exponential increasing demand. Dutch tulips at least consisted of cellulose, cultivation & transport...

Tue, 12/17/2013 - 03:54 | Link to Comment giggler321
giggler321's picture

and in our town we have a shiny new porter loo, delivered and installed.

Tue, 12/17/2013 - 07:29 | Link to Comment Nussi34
Nussi34's picture

This is not the first one. There is one in Bratislava, Slovakia!

Tue, 12/17/2013 - 09:27 | Link to Comment uranian
uranian's picture

Second BTC ATM in Europe, in fact:

 

Last week, we reported on a start-up company by the name of Safello, that was working on a new bitcoin ATM. It was noted that Safello was essentially still scouting around for locations, but the company has seemingly found a place to do business. The Safello bitcoin ATM is reported located just outside the Hilton Slussen Hotel in Stockholm. As one would expect, the ATM is able to turn traditional fiat currency into digital currency using Safello’s bitcoin exchange and vice-versa. The goal? Bridge the gap between the world of digital currency and fiat currency in one seamless transaction. Will it work? That’s a question that can only be answered with time.

Meanwhile Norway shoots itself in the foot by attempting to tax BTC...good luck with that, ha.

 

Oh alright at least the third, I just read the comment above.

Tue, 12/17/2013 - 14:42 | Link to Comment MeelionDollerBogus
MeelionDollerBogus's picture

I was watching the newest episode of Almost Human (Karl Urban) and they featured Bitcoin. Some medical extortion ring & payoffs to da  bosses using "untraceable" Bitcoin (show set in the future with robot police, genetic weapons, etc.)

Thu, 01/02/2014 - 08:36 | Link to Comment marian0011
marian0011's picture

Hi all and Happy New Year,

I'd like to congratulate to guys in Helsinki. However I must mention that the the Europe's first bitcoin ATM was installed in Bratislava, Slovakia.

Let me give you some info on the ATM in Bratislava:

 

  •  a couple days after the presentation it was moved to SUBWAY (one of the first SUBWAYs worldwide to accept bitcoins) where it was operational for about two weeks – this video was recorded during that time: http://www.youtube.com/watch?v=N8XQQVFcrcc

 

  •  finally, after a metal stand was manufactured and securely mounted to the wall and floor, the ATM was installed on 8.12.2013 in a Bratislava downtown passage, right next to the entrance of a restaurant of a famous beer restaurant chain called The Pub (http://thepub.sk/?lng=en) which will open soon...  – the exact location of the ATM is mapped at www.mojbitcoin.sk .  ATM’s bitcoin wallet address is here.  I’m attaching a picture taken right after installation.

Several Slovak media covered the story and together with recent increase in price of a bitcoin, the topic keeps echoing. The interest among people and businesses is growing. And we may soon be welcoming another bitcoin ATM in Slovakia...

Cheers

Marian

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