Europe's Largest Electronics Retailer to Roll out Bitcoin ATMs (Report)

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Retail giant Media Markt is ready to install Bitcoin ATMs in 12 of its Austrian branches.

by cybercriminals who blocked various key services. In exchange for releasing the encrypted data, the hackers demanded $240 million worth of bitcoin. The ransom amount was then reduced to $50 million in BTC.Large retailers around the globe have been steadily making their way into the digital asset universe lately. With that said, it is worth giving a few examples of such companies that have hopped on the bandwagon in recent months.

several digital assets as payment methods. These included Bitcoin , Ether , Ripple , Tether , and more. The retailer collaborated with the local fintech company Electrocoin, known as Croatia’s first crypto payment processor. It guarantees the buyer a fixed exchange rate at the start of the transaction and provides enough time for successful execution.with BitPay to enable customers to pay their bills in bitcoin instead of fiat currencies.

“The user accepts and recognizes that the access, use, and security of his wallet is the sole responsibility of the user and at no time is Elektra, nor will be responsible for the access, use, and security of the user’s wallet.”

 

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