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German electronics retailer Media-Saturn installs bitcoin ATMs in its stores, Kurant will service the devices.
On June 1, 2022, MediaMarktSaturn reported that since the beginning of May, three Saturn electronics stores in Cologne, Frankfurt and Dortmund have started operating crypto banks. As part of a six-month pilot project, Saturn customers will be able to convert fiat currency into BTC or ETH and upload them to their digital wallet.
Thus, Saturn plans to offer its visitors a convenient entrance to the world of cryptocurrency. According to Christian Stephan, head of the group’s innovation research department, the demand for cryptocurrencies is growing, especially among tech-savvy retail customers.
The initiative was developed in cooperation with the Austrian leader of the European market for the distribution of cryptocurrency ATMs Kurant. The organization has installed more than 200 crypto ATMs across Europe, including Germany, Spain and Greece.
In Austria, the firm has been cooperating with MediaMarkt since 2019, in April 2022 it placed its crypto ATMs in twelve Austrian MediaMarktSaturn stores.
Another participant of the project was a private bank from Hamburg Sutor Bank. Managing Director of Kurant Stefan Grill added that cooperation with Sutor Bank guarantees compliance of operations with cryptocurrency ATMs with the law.
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