Estonia, Financial Services, Technology

International Internet Magazine. Baltic States news & analytics Wednesday, 17.04.2024, 18:14

Baltic States first automatic bitcoin purchase terminal opens in Tallinn

BC, Tallinn, 28.01.2015.Print version
DeCrypto OÜ launched in Tallinn a terminal for exchanging euros into virtual currency bitcoins, LETA/Postimees Online reports.

According to the company, the terminal is the first of its kind in the Baltic States.


DeCrypto Manager Deniss Kudryashov says that he sees potential in bitcoins and thus promotes them in Estonia.


The terminal, located in currency exchange office Spotex, enables to make only purchase transactions of bitcoins and that only for euro banknotes. The exchange rate of bitcoins depends on the current stock market prices. Before a Bitcoin purchase transaction, identification of the buyer at the teller based on a valid identity document is necessary.

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