Ink­ing a stake in crypto fu­ture

The Weekend Post - - News - DANIEL BATE­MAN daniel.bate­man@news.com.au

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

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