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Five watercolors attributed to Nazi dictator Adolf Hitler from his early days as a struggling artist have failed to sell at auction in the southern German city of Nuremberg, possibly over fears they could be fakes, reports the AP . The Nuremberger Nachrichten newspaper reported Sunday that no bids were received…
U.S. health officials plan to ask for a meeting with top management from Walgreens Boots Alliance Inc. to discuss what they said was a pattern of illegal tobacco sales to minors at the pharmacy giant’s stores.
The Food and Drug Administration said Thursday that it would block a Walgreens store…
Wear sunscreen, sure, but not just any kind—especially when you’re in the Florida Keys. Key West lawmakers voted 6-1 Tuesday to ban the sale of sunscreens with oxybenzone and octinoxate, the New York Times reports. Studies have shown that the chemicals are damaging to coral reefs. “Our coral has…
“I had to trade our fifth anniversary for her funeral,” says the grieving husband of a Texas woman fatally shot while setting up a garage sale to raise extra spending money for an anniversary trip planned for two days later. Police in the Houston suburb of Tomball say 29-year-old Elizabeth…
The Colombian-based Panda Group has announced the launch of a cryptocurrency point of sale (PoS) terminal called Xeler that also acts as a portable digital currency automated teller machine (ATM). The hybrid solution installed in Bogotá, at the La Tortata sweet shop, allows customers to not only buy baked goods with cryptocurrencies but can also dispense BCH, BTC, and DAI in exchange for Colombian pesos.
Panda Group Deploys Crypto Payment Terminal That Also Acts as an ATM
Panda Group, a company that operates the cryptocurrency trading platform Panda Exchange, has announced the creation of a new brick and mortar digital currency service. On Jan. 22, Panda installed a new portable point of sale device that allows merchants to accept cryptocurrencies with ease. The company’s first installed Xeler device was deployed at the La Tortata sweet shop in Bogotá, so customers can purchase baked goods with their digital assets. Moreover, the machine also allows visitors to conveniently purchase and sell BCH, BTC, and DAI through its integration with the Colombian exchange. Speaking with news.Bitcoin.com, Panda Group’s founder Arley Lozano explained that the machine’s first sale was settled in bitcoin cash (BCH).
Lozano further detailed that the company plans to deploy 20 more Xeler devices throughout the region, due to a recent partnership with a well-known chain of pharmacies. The Panda CEO also told news.Bitcoin.com that the firm is ready to launch 100 hybrid crypto PoS/ATM devices around Colombia and send some to Venezuela as well. As far as commissions, merchants will only be charged for the use of processing sales and the fees are equivalent to alternative payment processor terminals. The device references cryptocurrency exchange rates from the spot market prices in Colombian pesos and Localbitcoins rates.
Tailored to Meet the Needs of the Latin American Market
The company explained that the Xeler machine is a noncustodial system and merchants are always in charge of their funds. Lozano noted that the Panda team calls the device a “BTM” or a “CTM (crypto teller machine).”
“The Xeler BTM is a device that has the ability to buy and sell cryptocurrencies, in addition to processing payments for products purchased with crypto,” Panda Group explained to news.Bitcoin.com. “This makes the point of sale process quick and intuitive for both the user and operator, but above all, the system is secure since the interface is built and designed for the safe and reliable handling of cryptocurrencies.”
The company also said it will be adding more digital currencies to the platform interface in the future. Moreover, with Xeler’s Xpay payment processor system, businesses can settle a percentage of sales in fiat if they do not wish to experience the volatility of crypto prices. Visitors who want to buy or sell cryptocurrencies must undergo a simple registration process, which is performed directly on the device. After the registration is complete, Xeler users won’t have to register again and they can interact with all Xeler devices in the region. Once a purchase is processed, the cryptocurrencies are sent to the customer’s wallet or if they don’t have a wallet, they can obtain a printed voucher for redemption at a later date.
“Merging these two products (PoS/ATM) is a significant achievement for Panda’s operations,” the company noted. “Panda Group is thinking about the needs that exist in the Latin American market, because the ability to buy or sell cryptocurrencies makes it easier for those people who want to begin their voyage into the crypto world — They don’t usually do it because they think they should invest a lot of money but the minimum default amount for using the Xeler device is 50,000 COP ($ 15).”
What do you think about the Xeler device that allows merchants to sell products for cryptocurrencies but also works as an ATM? Let us know what you think about this subject in the comments section below.
Images credits: Arley Lozano, Panda Group, Xeler, and Pixabay.
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The post Panda Exchange Deploys Hybrid Point of Sale and Crypto ATM in Bogota appeared first on Bitcoin News.
One of the most famous skyscrapers in the world is up for sale. The Chrysler Building of New York City, which briefly held the title as the tallest building in the world, is on the market, reports the Wall Street Journal . The building is currently owned by a government fund…
At least 24 tobacco shops have started selling bitcoin coupons in the French capital of Paris. Widely known as “tabacs”, the stores received regulatory approval for the cryptocurrency sales late last year. More than 6,500 tabacs – representing about a quarter of the registered tobacco stores in France – are expected to start offering BTC coupons by February.
BTC Vouchers for 50, 100 and 250 Euros
According to a Reuters report published Jan. 9 (which mentions only six tabacs), French financial technology group Keplerk is backing the sale of bitcoin in tobacco stores. In 2018, the company reached an agreement with a local payments software provider allowing tabac owners to sell BTC vouchers that can be redeemed from a wallet on Keplerk’s website. Keplerk put the figure of bitcoin selling tobacco outlets at 24, in a statement to French website capital.fr.
Currently, BTC can be bought in three sums of 50 euros, 100 euros and 250 euros ($ 43, $ 86 and $ 250). In exchange for the euro, the user obtains a ticket containing an alphanumeric code and a QR code. Buyers then have to visit the Keplerk website to convert their vouchers into cryptocurrency of either bitcoin core or ethereum. Keplerk charges a commission of 7 percent on each ticket sold and gives 1.25% to the tobacconist, the company said.
Adil Zakhar, co-founder of Keplerk, stated:
Some people find it complicated to get bitcoins online They trust their local tobacco shop owner more than they would trust some remote anonymous website.
Tabacs already sell a variety of products including cigars, cigarettes and lottery tickets. Several of France’s 24,000 licensed tobacco shops have moved into new areas, such as prepaid credit cards, cellphone credits and money transfer services to compensate for the declining revenue from tobacco sales.
‘A Good Time to Buy’
Late last year, the French Prudential Supervision and Resolution Authority (ACPR), a unit of the country’s central bank charged with monitoring financial transactions involving banks and insurance companies, officially authorized the Federation of tobacco shops to begin selling bitcoin at the start of 2019.
Reuters quoted one Cyril Azria, a 45-year old man who became one of the first buyers of the BTC coupon saying: “I’ll use the bitcoins to buy some computer material on the internet and the rest to speculate. It’s a good time to buy,” he said, after spending 150 euros.
French regulators have warned the public against investing in cryptocurrencies, saying the unregulated financial instruments are highly volatile. However, they have not blocked Keplerk’s tabac plan.
What do you think about French bitcoin-selling tobacco outlets? Let us know in the comments section below.
Images courtesy of Shutterstock and Keplerk.
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A once-run-down historic home that stands where a woman accused of witchcraft during the 1692 Salem witch trials settled after she was spared the noose is on the market after an extensive renovation. The home in Framingham, Mass., known as the Sarah and Peter Clayes House, hit the market Thursday…
Have a huge affinity for penguins? A family in Wales is accepting offers on one of the Falkland Islands, where tens of thousands of penguins from five species run amuck. An Important Bird and Biodiversity Area, as well as the third largest offshore island in the archipelago at 20 miles…
Qualcomm Inc. says it has won a ruling in China against Apple Inc. that bans the sale of several iPhone models in that country.
The Fuzhou Intermediate People’s Court ruled that Apple was infringing on two Qualcomm patents and issued injunctions against the sale of the iPhone 6S, iPhone 6S Plus,…