The second largest independent ATM provider in Australia Stargroup has signed an agreement with the company blockchain Digitalx payment solutions to convert existing ATMs into ATM Bitcoin (BTM). The agreement for the entire global network Stargroup, starting with Australia, where he has put more than 500 ATMs and manage 2,400 ATMs through its subsidiary Starlink.
Combination Digitalx & Stargroup
Digitalx Limited has signed a joint venture agreement with Stargroup Limited based in Perth. The two companies will jointly offer and customize the solution 'ATM two-way' to buy and sell bitcoin as reported bitcoinnews.
Under the agreement, Stargroup will develop software for their ATM that allows users to buy and sell bitcoin. Digitalx will develop API for easy bitcoin transactions using this software. Both companies will share in the transaction fees charged at ATMs.
"Stargroup pleased to partner with Digitalx on this project and the use of property in a unique of ATM manufacturer her to develop an ATM two directions in which the owners of bitcoin is not only able to buy bitcoin but more importantly they were able to monetize bitcoin them," commented CEO Todd Zani he also added that this development may also be applied to other types of crytpocurrency and distributed internationally.
In May, Stargroup reported that they had become independent ATM implementing number two in Australia, under the leadership of DC Payments limited market share. The third one is the Next Payments, followed by Cash Connect, Bendigo Bank and Suncorp.
ATM network Stargroup
Stargroup is the only company that deploy ASX ATM machines in Australia, according to the company's website. The announcement of the details:
The joint venture agreement is for the entire global network of ATM Stargroup, the initial road map for the focus to Australia ... In Australia, Stargroup has deployed approximately 500 ATMs in Star Payment and manages approximately 2,400 ATMs through Starlink.
Starlink is a wholly owned Stargroup. In addition Stargroup also has direct ownership in the company Neo ICP Korea Inc. is a manufacturer of ATM Korea. "Neo ICP Korea has about 16,000 ATM machines and back office in South Korea, so the number of ATMs run approaching 19,000.
Today, there are less than 20 ATMs in Australia to facilitate the bitcoin transaction, the group explained, adding that their cost ranges from 4% to 8% of the transaction value. Moreover, most of them are ATMs in one direction, so users can only buy bitcoin but could not remove it. Coinatmradar, a website that tracks the location of the ATM bitcoin, lists only 16 BTM in Australia.
source www.inforexnews.com