Inking a stake in crypto future
THE owner of Cairns’ first ever Bitcoin ATM believes cryptocurrency is the way of the future.
BLvk Temple Tattoo, which opened this week on Lake St, has installed an Auscoin machine inside the parlour to allow anyone to buy and sell digital currency in exchange for real cash.
Since digital currency – also known as cryptocurrency – was created in 2008, buying and selling has been handled largely by online exchanges.
However BLvk Temple Tattoo owner Matty Currie said this was too complicated for everyday users.
He said there had already been several customers taking advantage of the Bitcoin ATM to exchange money. The parlour also accepts payment for tattoos in cryptocurrencies alongside regular currency.
“I think cryptocurrency is going to revolutionise everything we do,” Mr Currie said.
“We like to diversify, so just thought this might bring a few more people into the shop.”
Bitcoin has been described by some economists as a fad, claiming the market is unstable and prone to digital corruption. Mr Currie, however, believed cryptocurrency was here to stay.
“I’ve been investing in it for 12 to 18 months and really can’t fault it,” he said.
INAUGURAL START: The first Bitcoin ATM in the Far North has been installed at BLvk Temple Tattoo studio on Lake St and owner Matty Currie reckons the currency is ’revolutionary’. Picture: BRENDAN RADKE