Malta Is Getting Its First Two-Way Crypto ATM

9th July 2018

Moon Zebra, the start-up behind the ATM, said the blockchain industry was becoming "more mature", and less like the wild west.

The first two-way cryptocurrency ATM in Malta will be launched by start-up company Moon Zebra at the new head office of Zanzi Homes in Sliema.

“Following the dark shadows cast on cryptocurrency ATMs in 2017, the Moon Zebra team decided to reverse the reputation and launch a fully compliant, transparent and user-centric solution to grow the industry,” a press statement from the company read.

“With the new regulatory framework approved by the Maltese Parliament earlier this month and the news that some of the biggest companies such as Binance will possibly be relocating to Malta, the blockchain industry is becoming more mature and less compared to the wild west as done by some critics in the past.”

The startup business was founded by four young entrepreneurs who want to simplify and promote easy-use of cryptocurrency access for everyone.

“When we got started with blockchain technologies, we learned quickly that many people find it too complicated to buy cryptocurrencies such as Bitcoin,” said Markus Behmann, one of the founders of Moon Zebra.

“Therefore, we explored easier solutions to buy and sell cryptocurrencies, which would be more accessible to the average user. With our Moon Zebra ATMs, clients can buy or sell Bitcoin and other coins in a quick and simple manner. Bitcoin was designed to protect people from inflation and help the unbanked join the global economy, as part of a virtuous act of a genius in order to make the world a more beautiful place.”

“Cryptocurrencies present an alternative to central banking. The economy cycles have led to recessions over the years and may lead to a possible crash of the fiat-money system,” explained Leon Siegmund, co-founder of Moon Zebra. “In this case, exchanges and our ATM will allow direct access to cryptocurrencies,” added CFO Giulio Puglisi. However, the start-up is aware of its responsibility. “We don’t just address the high-end segment of the population. Our machine accepts purchases as low as €50,” CTO Jonas Abrahamsson said.

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