Bitcoin ATM Arrives in Kosovo!

This week, local news reports that the first Bitcoin ATM has arrived in Kosovo. Telegraph newspaper:

“This ATM is expected to offer the most used virtual currencies (Ether, Dash, Bitcoin, Litecoin, Doge). There are 57 countries in the world that have virtual currency ATMs and Kosovo is now included in this list.”

The machine is operated by the Albvision Group and is located in Pristina, the capital of Kosovo.. The Albvision Group, which was founded in 2000 and has 54 employees, provides professional and strategic services for the information and security sectors such as banks and telecommunications.

For now, only Bitcoin can be traded from ATM, but the company will be in the near future. It plans to add 10 more cryptocurrencies.

Central Bank’s Warning

Like the Central Bank of Albania, the Central Bank of Kosovo has also issued a warning about cryptocurrencies.. This warning reads:

“The use of digital currencies such as Bitcoin is not regulated by law and can lead to financial losses. Anyone considering using digital currency in Kosovo should know that there is no institution that guarantees they will receive a refund in the event of a possible loss of money.”

The news that the Bitcoin ATM was available came shortly after this warning.

Some commercial banks, such as TED and Raiffeisen Banks, also stated that they do not trade digital currencies.. Raiffeisen Bank has officially announced that it does not accept Bitcoin for payments.

Interest in Bitcoin Grows

Despite the negative comments of the Central Bank and some other commercial banks regarding the digital currency, the people of Kosovo have

According to Kosovo Customs Spokesperson Adriatik Stavileci, in 2017 Kosovo imported 800,000 Euros worth of equipment to be used for mining. On how they process this equipment, Adriatik said:. We treat video cards differently because they are much more advanced and expensive than other cards.. We always carefully monitor the imports of these devices.”

Dite Gashi, CTO and co-founder of Bitsappshire, a Bitcoin and blockchain consulting firm in Kosovo, said that the biggest problems with Bitcoin He said that it is very difficult to find the graphics cards required for mining in the Kosovo market and that people are hesitant to invest because of the constant change in prices as a result of the market activity. It is proof that this sector is rapidly accepted by the world’s states with each passing day.. We are sure that more and more countries will take action on this issue day by day.

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