BITCOIN VENDING MACHINES NOW IN BULGARIA

Bitcoin Vending Machines are already available in Bulgaria for all the Bitcoin fans. Everyone who wants to exchange the Bulgarian currency ‘Leva’ into this virtual money can now do it

Since it was launched in 2008 , the Bitcoin has become a worldwide currency, which is transferred directly from person to person via the internet. The transfer doesn’t go through a bank or a clearing house and there are no specific requirement and restrictions.

In order to obtain a Bitcoin, you have to install specific and complicated mathematical calculations, which are necessary for the functioning of the system.  In this way everyone who joins the international network can gain Bitcoins after a certain time.  The other way is to exchange money for bitcoins through special vending machines, like the one in Sofia.  In order to use this exchange device you must have a smartphone.

“This Bitcoin Vending Machine will be most useful, to those who want to get Bitcoins very fast. There are some people who trade them, and in some occasions the time for this is critical. “- explains Yasen Yankov from the Bulgarian Bitcoin Association

One Bitcoin is currently worth 866 leva. However it is not obligatory to make such a large investment at once. Fractions of Bitcoins with up to 8 decimal places can be purchased.

Currently there is no precise statistics about the number of Bitcoin users in Bulgaria, however more and more traders sell their products for Bitcoins.