China's first Bitcoin ATM opens in Zhangjiang, Shanghai

Xinhuanet Beijing, April 15 (Huang Danlei) Just scan your Bitcoin address QR code through the machine, then put in RMB cash, and you can receive Bitcoin. Bitcoin China CEO Li Qiyuan announced on the 15th that Bitcoin China has launched the world's first software-based mobile Bitcoin vending machine - "Coin Lock ATM".

At a new product launch event held at IC Coffee in Shanghai, Bitcoin China demonstrated the country’s first Bitcoin vending machine (Bitcoin ATM) on site and conducted a trial activity after the launch event.

Li Qiyuan said that this "coin-locked ATM" is a brand-new product developed exclusively by the company and is also the world's first mobile Bitcoin ATM. From now on, anyone, no matter where they are, can use the "coin-locked ATM" to sell Bitcoin for cash.

The conditions for using the "Coin Lock ATM" are very simple. You only need to become a user of Bitcoin China and deposit Bitcoin into the "Coin Lock Wallet". The "Coin Lock ATM" is a web application that does not need to be downloaded and installed. Sellers only need to visit https://atm.btcchina.com on their mobile browsers and log in, set a profit margin, and then they can enjoy the fun brought by the "Coin Lock ATM" and even make money by selling Bitcoin. The "Coin Lock ATM" uses a double security mechanism to ensure the safety of users' funds and property. Each transaction requires confirmation from both the buyer and the seller to be completed.

Li Qiyuan said that the "Coin Lock ATM" not only supports all mainstream currencies, but also provides multiple language interfaces. Whether users are in Shanghai, Hong Kong, New York or London, they can enjoy the fun brought by the "Coin Lock ATM". In the near future, people can not only buy Bitcoins at ATMs at subway stations and shopping malls, but also carry the "Coin Lock ATM" with them and trade Bitcoins face-to-face anytime, anywhere.