Brad Chillum
Hyosung (a South Korean Company), one of the largest ATM manufacturers in Asia, has integrated Bitcoin into its international ATM models.
The company also has its headquarters in Texas – USA.
Hyosung will add Bitcoin support with the aid of Just Cash.
The bitcoin ATM will operate very similarly to a conventional transaction. Instead of withdrawing fiat currency, digital currency will be despatched to the recipient’s wallet using a QR scan.
It is very likely that other coins along with Bitcoin will be added in the next period.
According to bitcoin.news, Hyosung are one of South Korea’s largest industrial companies, boasting over 25,000 employees and revenue of U.S. $17 billion in 2015.
ATM manufacture is just a small part of their operations, the company also dabble in construction and chemicals among other things. Within South Korea however they are best known for their ATMs which can be found up and down the country.
The inclusion of bitcoin in the ATM circuit will certainly lead to large-scale adoption.
And the rise in demand for the currency of the moment will certainly lead to price increases.
