Indian exchange Unocoin may be in the process of launching India’s first cryptocurrency ATM. The photograph of Unocoin’s cryptocurrency ATM was first shared by Coincrunch on Twitter yesterday. While the source of the image could not be ascertained, Unocoin did confirm to Coincrunch that are indeed planning to launch an ATM. However, they did not divulge any other details.
The cryptocurrency ATM can be used by investors to easily trade cryptocurrencies with cash. Unocoin’s cryptocurrency ATM will offer Bitcoin, Ethereum, Bitcoin Cash, Litecoin and Ripple to users. While nobody quite knows where this cryptocurrency ATM is located, it does look like it is situated inside a mall. Some users have even speculated that it may be in Bengaluru. Wherever it is located, it is undoubtedly good news for cryptocurrency enthusiasts in India. Will the government be ok with cryptocurrency ATMs? Guess, we will find out soon!