A new ATM in Bengaluru’s Kemp Fort Mall has become the latest face of the stand-off between India’s crypto-community and its banking regulator.
The cryptocurrency ATM, India’s first, was launched by the virtual currency exchange Unocoin on Oct. 14. Meant exclusively for Unocoin customers, this ATM can be used to deposit or withdraw money, which can then be used to buy cryptocurrencies from Unocoin’s website or mobile app.
This week, the exchange plans to put up one such ATM machine each in Mumbai and New Delhi.
Watch this video for exact process in order to use new bitcoin ATM for deposit & withdrawal using fiat currency INR
