US city installs crypto money machines at the airport after cryptocurrency has been accepted for payments-finance
US city installs crypto money machines at the airport after cryptocurrency has been accepted for payments-finance
The US city of Williston in North Dakota installs an ATM with cryptocurrency at its international airport. "This is the first kiosk for cryptocurrencies hosted by the government," said the city. Williston also accepts cryptocurrencies for paying electricity bills.
"The first cryptocurrency kiosk" hosted by the government "
The city of Williston in the US state of North Dakota has announced a partnership with the crypto monetary machine operator on Wednesday. The city wrote:
This is the first cryptocurrency kiosk hosted by the government and the first Coin Cloud installation in an airport.
"This is an ambitious step towards the introduction and integration of the public in cryptocurrency and at the same time a proactive role in building the digital ecosystem," commented the city's financial director, Hercules Cummings. "Although we are a smaller rural community, we do something. This small step could pave the way for other state and commercial institutions to follow this example."
Coin The Crypto Automats from Cloud, known as Digital Currency Machines (DCMS), make it possible to buy and sell over 40 cryptocurrencies, including Bitcoin, Bitcoin, Dogecoin, Shiba Inu, Cardano and ether. Users can also withdraw cash from their digital wallets. The city made it clear that it does not act as a fund depot or managed crypto transactions, and emphasized that purchases and withdrawals from. Coin cloud.
cummings said: "If you buy crypto on a stock exchange, the transaction is traditionally bound by a checking account, a debit card or your credit card directly to your bank ... The conversion of cash into crypto via the DCM means that there is no recognizable fees. Bank account or credit card. The deposit and withdrawal process takes place between the DCM and your digital wallet, simply with Cash. “
The city's financial director further explained that Williston had entered into a partnership with Bitpay in May "to accept digital currency for city bills".
He noticed: "With a DCM hosted by the municipality, we are now creating a successful roadmap for the public to accept cryptocurrencies." In relation to the fact that the residents can pay with cryptocurrencies, said Cummings:
We are the first municipality in the state of North Dakota and the third in the whole country that offers this service.
The city made it clear that only electricity invoices with cryptocurrency can currently be paid for, and found that "quality evaluations are carried out and quantities are assessed before other invoices such as landfills, permits and licenses are migrated".
What do you think that the city of Williston installs a crypto cash machine at its international airport and accepts cryptocurrencies for paying electricity invoices? Let us know in the comment area below.
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