Young Journalists Club | Latest news of Iran and world

News ID: 50849
Iran » Iran
Publish Date: 6:06 - 04 March 2021
Thursday, 04 March 2021_In less than two decades, cryptocurrency has changed from an outlandish term to a household name.

Iran unveils cryptocurrency ATM amid growing public interest in cryptosIn fact, it's so common now that you shouldn't be surprised when you see such ATMs that work with cryptos instead of cash. Designed and produced by Iran's Blockchain House, the Cryptocurrency Teller Machine allows people to buy Bitcoins, Ethereum and other cryptocurrencies using their bank cards.

The Iranian government has yet to recognize cryptocurrencies for local trade, and platforms use normal authentication procedures to be able to process transactions.

This is while public interest in cryptocurrencies like Bitcoin is booming in Iran, as estimates show that unregulated exchanges are engaged in nearly 200 million dollars worth of trade for digital currencies everyday.

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