Europe’s first

When I read the news below, I summed it up with two words: smart move.

Let's see the details.

Travelers who set foot on Amsterdam Schiphol Airport can, from now on, exchange the “remains of their holiday budget” for Bitcoin at the end of their trip. Schiphol Airport authorities announced on June 20, 2018, the installation of a “Bitcoin ATM” that allows travelers to convert Euro to Bitcoin (BTC) or Ethereum (ETH).

The ATM has a 6-month trial period. Its services will be available at the airport until January 2019. The primary objective behind the trial period is to help authorities map demand for crypto-currency exchange services. Schiphol noted that the ATM is the first such airport service in the European region. Tanja Dik, director of Consumer Products and Services at Schiphol, said in the airport’s announcement:

“Schiphol is constantly looking for ways to innovate and provide optimum service to passengers. With the Bitcoin ATM, we hope to provide a useful service to passengers by allowing them to easily exchange ‘local’ euros for the ‘global’ crypto-currencies, Bitcoin and Ethereum. That can be beneficial if, for instance, it’s not possible to spend euros in their home country.”

The installation of this Bitcoin ATM is the fruit of a joint project of a Dutch crypto-currency payment processor, ByeleX Data Solutions BV and Schipol authorities. While Schiphol must have been very proud to announce its Bitcoin ATM, what’s even more interesting about this news for many crypto users is that, as it turns out, there was no crypto ATM before at any airports in Europe. I, personally, wouldn’t have thought that. And if I had been asked before in what year I thought the first airport Bitcoin ATM in the world started to work, I would have said 2015, maybe 2016. But actually, looking at the whole world, the first crypto-currency payment service appeared in January, 2018, on Brisbane Airport. Would you have guessed that right?

Ease of access must be one of the keys to the global adoption of crypto-currencies. And the placement of Bitcoin ATMs at airports is a very reasonable idea if you think about it: Imagine that it comes to the last day of your holiday and a part of your holiday budget is still in your wallet. Instead of the hassle of exchanging foreign currency back to your domestic currency, you simply walk to the Bitcoin ATM in the airport lounge and convert your remaining currency to Bitcoin or Ethereum. If the target is the improvement of global adoption, practical use and popularity of crypto-currencies, the idea of the day is definitely crypto ATMs at airport lounges.

Smart move.

PS: You may want to note it down: Schiphol Airport’s Bitcoin ATM is in Arrival Hall 2, accessible from Departure Halls 1 and 2, and the Schiphol Plaza.




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