Etoro Launches Free Bitcoin ATM In London


As a celebration of the 10-year anniversary of bitcoin, Etoro, a cryptocurrency trading platform, has set up a crypto ATM on the Finsbury Avenue Square in London.

However, the machine comes with a unique twist as customers are required to tunefully wish it a happy birthday if they want to get their hands on some free bitcoin.

Etoro said that the ATM is considered to be the first of its kind. It said that it will be handing out free vouchers to Londoners today. Reportedly, the vouchers are worth between £20 and £250 in bitcoin for those who are brave enough to crack a note.

A digital display will allow the choir to know whether they need to sing louder and how much of the song they are required to complete in order to get a voucher.

Once the Halloween season is over, the machine is set to go on a tour of the United Kingdom. Various professional football clubs have been lined up for its first series of bookings, where their fans can belt out football chants in order to win some coins.

Today signifies the 10th anniversary of the publication of a white paper regarding bitcoin. It was written by Satoshi Nakamoto, the anonymous developer. Since then, bitcoin and the other cryptocurrencies have gone on to achieve massive hype across numerous industries, with even huge players such as Kodak getting in on the trend by introducing some mining technology for the asset.

The first 10 years of Bitcoin on the crypto markets were identified by long periods of public indifference followed by a meteoric rise and crash last year.

According to CoinDesk, the value of bitcoin exchanges amounted to £4,928.68 ($6,278.25) per token today at 1.19pm GMT (UTC).

However, the price of the volatile token is nowhere near the bullish heights that its was able to achiev in late December 2017, when a push on the markets saw bitcoin peak just short of £15,700 ($20,000).

The market capitalisation of Bitcoin, its overall market value, has exhibited similar growth over the last decade.