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Receive all Bitcoinist news in Telegram! We already told you the story of how Cointed became Europe’s leading provider of Bitcoin ATMs in our latest Bitcoin News. Yet, getting to the top and staying there are two separate battles. The CEO Wolfgang Thaler and assistant manager Jimi Aho shared with us how they plan to maintain the company’s competitive advantage and stay at the top.
In their transparency report, you can find that the company owns 116 machines, out of which 70 are already operating. They are adding a new location almost every week! As most other Bitcoin ATM providers Cointed has two models: One-way and Two-way. When it comes to this provider, bitcoin ATM is a misleading term. Cointed’s ATMs can support any currency the client wants listed on their exchange.
Together with that soon all machines will have NFC support for mobile payments. What is NFC and why it mattersNFC stands for near-field communication. Basically, it allows two devices placed near each other to exchange data. The only requirement is for both devices to be equipped with the NFC chip.
If you wish to learn more about this technology, this article is helpful. Pacific has been the biggest market. Only for 2016, the people in Asia paid a 100 million more through their mobile phones than Europeans. Since Cointed wants to grow in that market, having this feature is a big step forward.