ATM machines for self-service bitcoin purchases appear in Beijing

According to Sina Finance, a self-service Bitcoin purchasing machine appeared in Beijing's Yunji Yinju Courtyard a few days ago. According to the project founder Liu Heming, this machine is an OTM. Unlike the centralized Bitcoin ATMs on the market, OTM is a decentralized design with a C2C transaction matching mechanism in the background.

Currently, there are only two of these OTM machines in Beijing, but in the next three to six months, one thousand will be pre-deployed worldwide, allowing more people to easily buy Bitcoin.

The latest data from CoinATMradar shows that the number of Bitcoin ATMs worldwide has exceeded 3,500, and currently stands at 3,504, with an average of 6 new machines added every day.

Countries with a relatively large number of Bitcoin ATMs include the United States, Canada, Austria, the United Kingdom, Russia, Spain, etc. The only Bitcoin ATM in China is placed at the front desk of BitChina's Shanghai office.

This ATM was introduced to Shanghai in early 2014. The manufacturer is Lamassu, an Icelandic company. However, after the country issued a virtual currency ban, this machine can only be used as an ornamental collection and cannot be operated.