{"id":208,"date":"2014-06-23T07:33:00","date_gmt":"2014-06-23T07:33:00","guid":{"rendered":"http:\/\/blog.holytransaction.com\/philippines-get-its-first-bitcoin-a\/"},"modified":"2014-06-23T07:33:00","modified_gmt":"2014-06-23T07:33:00","slug":"philippines-get-its-first-bitcoin-atm","status":"publish","type":"post","link":"https:\/\/holytransaction.com\/blog\/2014\/06\/philippines-get-its-first-bitcoin-atm.html","title":{"rendered":"Philippines get its first Bitcoin ATM"},"content":{"rendered":"
\n
\n
\n <\/div>\n

\n(CoinTelegraph<\/a>) The Philippines welcomes its first Bitcoin<\/a> ATM. Brought by Satoshi Citadel Industries and Bitmarket.ph<\/a>,
\n the machine will be ordered from Skyhook and will cost $US 999. ATMs
\nare no longer exciting news, yet this one is a lot smaller in size and
\nit will speak to the success of Bitcoins on a global scale. The ATM will
\n appeal to a wealth of people and cultures with money to trade and
\ntransactions to process.<\/p>\n

\nA better understanding of Project Skyhook<\/h4>\n

What is Skyhook? Skyhook is an open-source Bitcoin ATM<\/a>.
\n Selling Bitcoins was once difficult, and many people were tired of
\ndepending on exchanges and centralized banks to buy Bitcoins. Skyhook
\nchanged everything. The company developed a tiny and secure machine
\neveryone can use to exchange Bitcoins.
\nIt comes with a hefty security mounting plate and a password-on-boot
\noptions. It someone steals it, you have nothing to worry as your
\nBitcoins will be safe. The ATM accepts Australian, US, and Canadian
\ndollars, as well as Argentinean Pesos, Yuan, Euros, and numerous other
\ncurrencies.
\nEasy to set up, Skyhook comes with a detailed guide you should use to
\n get started. Buyers will require a Wi-Fi or wired internet connection, a
\n power cable, and Bitcoins to sell. The touch-screen graphical interface
\n of Skyhook will ease your job to buy Bitcoins and make use of the QR code<\/a> for wallet address recognition.
\nSkyhook sets Bitcoin prices automatically using major exchanges.
\nAfterwards, it adds a minimum price protection so that you can get paid
\nfor using Bitcoins. The ATM machine is excellent for vendors,
\nstorefronts, bars, meet-ups, and merchants. Set your rate and start
\ntrading.<\/p>\n

\nBitcoin, a global phenomenon now available in compact size in the Philippines<\/h4>\n

Unlike the other two popular Bitcoin machines, Lamassu<\/a> and Robocoin<\/a>,
\n Skyhook is a lot smaller, and of course, less expensive. Owned by a
\nFilipino company known as Bitmarket.ph, locals will finally be able to
\ntrade Bitcoins with Philippine pesos and not have to worry about
\nexchange rates. To use Bitmarket.ph all you have to do is activate and
\naccess your account. Next, type your transaction’s details (details of
\nthe buyer and item for sale). Enter your selling price and exchange it
\nin Bitcoins immediately.
\nGenerate a QR code and use the code to share it with clients.
\nBitmarket additionally offers cash settlements where you can convert
\nBitcoins into Philippine pesos daily. Bitcoins provide fast, real time
\ntransactions to customers. Trading Bitcoins keeps people away from
\nchargebacks, bank fees, and commissions. Unlike other forms of exchange,
\n Bitcoins provide transparency where you can track each one of your
\ntransactions in real time. Vendors accepting Bitcoins are essentially
\nadding value to their business by gaining a competitive advantage as a
\nfirst adopter and cutting costs.
\nNow that the Philippines is finally welcoming its first Bitcoin ATM,
\npeople will “dispense Bitcoins for Pesos on the spot in a matter of
\nseconds at competitive and fair rates.\u201d<\/div>\n<\/div>\n

Open your free digital wallet here<\/a> to store your cryptocurrencies in a safe place.<\/p>\n","protected":false},"excerpt":{"rendered":"

(CoinTelegraph) The Philippines welcomes its first Bitcoin ATM. Brought by Satoshi Citadel Industries and Bitmarket.ph, the machine will be ordered from Skyhook and will cost $US 999. ATMs are no longer exciting news, yet this one is a lot smaller in size and it will speak to the success of Bitcoins on a global scale. 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