web analytics
March 30, 2015 / 10 Nisan, 5775
At a Glance
News & Views
Sponsored Post


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 is a Middle East news analyst with a degree in Mass Communication and Journalism from Southern Connecticut State University. A past columnist with The Jewish Press and senior editor at Arutz 7, Ms. Julian has written for Babble.com, Chabad.org and other media outlets, in addition to her years working in broadcast journalism.


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.

Current Top Story
Former PM Ehud Olmert at Tel Aviv District Court hears his sentence on May 13, 2014. (archive)
Ehud Olmert Found Guilty of Fraud in ‘Talansky Affair’
Latest News Stories

A rocket launched from Gaza landed in the Sinai, in the Egyptian half of the town of Rafiach (Rafah).

Rami Levy, a consumer-focused retailer, in one of his supermarkets.

Rami Levi’s operating and net profit suffered from a 12% increase in the costs of selling, marketing, general and administrative expenses.

Matzah Flipping

Matzah baking isn’t all just hard work. Sometimes it can be fun too.

Today on the Hebrew calendar is the 10th of Nisan – the day the People of Israel crossed into their new Land.

Former Prime Minister Ehud Olmert found guilty of fraud and breach of trust in a retrial in the ‘Talansky Affair.’

Iran suddenly refuses to transfer its already enriched uranium, despite prior agreement.

The PA chose practical self interest (survival) and is backing down from its unilateral threats.

A man makes his cooking pots kosher for Passover by dipping them into boiling water, in a process called Hagala.

Israel’s Government Building Becomes ‘Greenest Parliament’ in the World

The Prime Minister told the Cabinet the deal in the works is even worse than feared.

Don’t expect Iran to sign anything before the last minute, if not afterwards, and if at all.

With “congratulations” like these, who needs a punch in the stomach?

The Iranian-backed rebels also threaten suicide bombing attacks as they approach the Saudi border.

The discovery would be a death blow the PA claims that Tel Aviv is “Palestinian” if it weren’t for the fact that that Arafat was born in Egypt.

Who is Horowitz? He’s Netanyahu’s eyes and ears. He’s very close to him, literally his personal representative everywhere…

“The US negotiating team are mainly there to speak on Iran’s behalf with
other members of the 5+1 countries and convince them of a deal.”

More Articles from Hana Levi Julian

Today on the Hebrew calendar is the 10th of Nisan – the day the People of Israel crossed into their new Land.

Former PM Ehud Olmert at Tel Aviv District Court hears his sentence on May 13, 2014. (archive)

Former Prime Minister Ehud Olmert found guilty of fraud and breach of trust in a retrial in the ‘Talansky Affair.’

in a new report, Amnesty International charges “Gaza armed groups’ with war crimes in last summer’s Operation Protective Edge.

President Obama appears to have added NATO Secy-Gen. Jens Stoltenberg to his White House “diss list.”

The Pentagon has just revealed a stunning amount of information on some of Israel’s the most closely guarded secrets, including details of its nuclear program.

Passengers on the Jerusalem Light Rail were forced to duck when the line came under attack by Arabs in Shuafat again this morning.

Two NY Jews were attacked in Williamsburg on Sunday in a bias incident; a Jew was shot to death in Midwood, motive unclear.

Four IDF soldiers were hurt Wednesday when their Hummer overturned while traveling near the Gaza border.

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: