web analytics
August 20, 2014 / 24 Av, 5774
Israel at War: Operation Protective Edge
 
 
At a Glance
News & Views
Sponsored Post
Jerusalem Mayor Nir Barkat (L) visits the JewishPress.com booth at The Event. And the Winners of the JewishPress.com Raffle Are…

Congratulations to all the winners of the JewishPress.com raffle at The Event



Bitcoin ATM Launches in Israel

Bitcoin, a new form of virtual currency, has recently begun to make the rounds of the global economy.
Tel Aviv, heartbeat of the nation's commerce, is now home to Israel's first Bitcoin ATM

Tel Aviv, heartbeat of the nation's commerce, is now home to Israel's first Bitcoin ATM
Photo Credit: Hadas Parush / Flash 90.

The first Bitcoin ATM machine has launched for the first time in Israel, at a location in Tel Aviv.

Bitcoin, a new form of virtual currency, has recently begun to make the rounds of the global economy.

The new machine, operated by the Bits of Gold company, returns Bitcoin credit in a virtual wallet in exchange for a deposit of cold hard cash. The new ATM is located at the nonprofit Bitcoin emBassy organization offices.

The new currency appears to be creating an alternative underground world economy, independent from any other national system by virtue of the fact that it operates internationally, solely via the Internet.

In Israel, one Bitcoin (BTC) fluctuates around the NIS 1700 mark, according to the website of the Bits of Gold company. Users who prefer extra security are offered a USB key called a “Yubikey” by the company. For business owners, the company also offers a “checkout with Bitcoin” service.

 

About the Author: Hana Levi Julian began her career in journalism out of boredom while earning a BA in Mass Communication, creating a news department at SCSU's radio station because all the disc jockey positions were filled. In addition to her former position as a Jewish Press columnist and senior correspondent and editor at Arutz-7, Ms. Julian has written for Babble.com, Chabad.org and numerous other media outlets.


If you don't see your comment after publishing it, refresh the page.

Our comments section is intended for meaningful responses and debates in a civilized manner. We ask that you respect the fact that we are a religious Jewish website and avoid inappropriate language at all cost.

If you promote any foreign religions, gods or messiahs, lies about Israel, anti-Semitism, or advocate violence (except against terrorists), your permission to comment may be revoked.

2 Responses to “Bitcoin ATM Launches in Israel”

  1. Yori Mendel says:

    Don’t ever use BitCoin. Businesses here are being warned not to use it. Without a tangible commodity in real Currency, such as Gold, Silver, Copper, or Aluminum to back the Paper Notes up, we all become Slaves. That’s what BitCoin is trying to make people into. No Currency, no Viable Exchange.

  2. Does anybody regulate Bitcoin's owners to make sure they aren't robbing users? This is the future of currency though….gives the people managing it a lot of power though (more than the holders of real money and tangible wealth).

Comments are closed.

SocialTwist Tell-a-Friend

Current Top Story
The Gaza Region
Live Updates: Hamas Rockets Land Along Coast, In Border Towns (13:57pm)
Latest News Stories
House in Sderot struck by Qassam rocket fired from Gaza on Friday, August 8, 2014. Israel Police.

Sapir College in southern Israel has canceled classes and exams for the day due to resumption of rocket fire from Gaza.

IAF fighter jet heads back to  Gaza.

Israeli pilots attacked a terror cell in Zeitoun, Gaza on Wednesday morning. One terrorist was killed and five were injured.

The Gaza Region

13:57 pm Ashkelon 13:57 pm Kibbutz Sufa, Gaza Belt communities and surrounds 13:49 pm Sapir College, Sderot, Gaza Belt communities 13:43 pm Multiples: Ashkelon, Gaza Belt communities 13:27 pm Ashdod 13:26 pm Ashdod (again!) and surrounding communities (in case they miss) 13:25 pm Multiples: Gaza Belt communities, Ashdod, Ashkelon coastal region 13:15 pm Multiples: Ashkelon […]

ZIM ship near Oakland, Ca port.

Longshoremen pulled a fast on anti-Israel picketers and are unloading the Zim ship that was blocked from unloading last week.

Deif may, or may not, have escaped the bombing raid. His wife, at least one of them, was killed. Is Haniyeh next?

One by one, slowly but surely, the State Dept.is waking up.

Islamic State allegedly beheaded one American journalist, has threatened another with the same fate.

PRESS [F5] to refresh this page: 1:38am IDF Homefront Command directs Haifa and Carmel regions to also open public bomb shelters. Nahariya (Northern Israel) opened their public shelters as well, as per their mayor’s request, not the IDF.. 1:29am Ashkelon, Ashkelon Coast, Yad Mordechai, Zikim… (multiples all) 12:47am Reports that IDF has been targeting over […]

“Seeing the Bible come to life is quite remarkable” – Rick Santorum

The United States holds Hamas accountable for all rocket attacks on Israel, U.S. State Dept. spokeswoman Marie Harf told reporters at the daily oppress briefing Tuesday. Asked if the rockets that broke the cease-fire were launched from Gaza, she said, “It came from Gaza, and Hamas has responsibility for Gaza.” Harf also that there has […]

The body of a 21-year-old Ohio native serving as a lone soldier in the IDF was found on Tuesday, two days after he was reported missing, military spokesmen announced. Corporal David Menachem Gordon of the Givati Brigade was found with his personal Tabor rifle beside him. He had last been at the Tzrifin army base […]

The U.S. State Department has declared the Mujahedeen Shura Council in the Environs of Jerusalem (MSC) a foreign terror group.

Fatah launched a diplomatic assault as Hamas terrorists renewed a military assault against the Jewish State late Tuesday.

Hezbollah has lowered the minimum age to join the terrorist organization from 18 to 16.

Gaza terrorists returned to ‘business as usual’ launching rocket and missile barrages against Israel late Tuesday afternoon.

Israel officials say a report that Gaza terrorists fired a Grad missile at the Eshkol Regional Council district was a ‘false alarm.’

More Articles from Hana Levi Julian
IAF fighter jet heads back to  Gaza.

Israeli pilots attacked a terror cell in Zeitoun, Gaza on Wednesday morning. One terrorist was killed and five were injured.

The United Nations Security Council.

Fatah launched a diplomatic assault as Hamas terrorists renewed a military assault against the Jewish State late Tuesday.

Gaza terrorists returned to ‘business as usual’ launching rocket and missile barrages against Israel late Tuesday afternoon.

Israelis are outraged as Hamas again violates an Egyptian-brokered cease-fire extended to reach an agreement intended to end bloodshed.

Hamas politburo chief Khaled Mashaal and Fatah and PA leader Mahmoud Abbas are set to meet Thursday in Qatar.

A Swiss research group warns that Syrian terror groups now possess anti-aircraft missiles.

Israeli singer-songwriter Yigal Bashan was stabbed in the chest on Sunday but the circumstances are still unclear.

Norwegian officials are holding their breath expecting Islamist terrorists will strike, but wondering when and how.

    Latest Poll

    Do you think the FAA ban on US flights to Israel is political?






    View Results

    Loading ... Loading ...

Printed from: http://www.jewishpress.com/news/breaking-news/bitcoin-atm-launches-in-israel/2014/04/01/

Scan this QR code to visit this page online: