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Wednesday, September 27, 2017

Crypto News: A Slovenian Savings Bank’s Traditional ATM Dispenses Bitcoin Vouchers

A Slovenian Savings Bank’s Traditional ATM Dispenses Bitcoin Vouchers

Hranilnica Lon bank is a financial banking products provider offering services to citizens based in Slovenia. The company founded in 1992 manages money market instruments for clients and has multiple locations. This week Lon’s Facebook page announced the implementation of bitcoin into the firm’s traditional ATM located in the Kranj headquarters front lobby. While explaining the new ATM feature, the bank’s senior executive, Jake Vadnjal, unveiled the ATM to a swarm of Slovenian news reporters. During the video, the Hranilnica Lon executive cuts a ribbon tied to the machine and performs a transaction in front of the media’s cameras.

The machine dispenses bitcoin using a voucher system which can be redeemed online. “We made a significant leap in thinking,” said Hranilnica Lon’s executive Vadnjal’s translated statements. “We do not know what will happen in ten years or what the fight for ‘survival’ and successful businesses will mean in the future — cryptocurrencies are difficult to predict.”

According to Vadnjal cryptocurrencies have great potential and will likely transform the financial industry. However, even though they are offering digital assets through the company’s office ATM, Vadnjal states these investments are still risky. “As bankers, we have to be conservative, so we are warning all that the markets cryptocurrencies can be risky and are subject to a fall greatly in value,” Vadnjal warns.

Full story at

Source: Bitcoin News

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