A new step for Bitcoins, a Bitcoin ATM is coming out and this time in Asia. This new ATM will be based on Hong Kong. more specifically Mongkok area, and according to the operators it will be functional by the March-April time period.

The adapters of this new Bitcoin ATM concept announced they will be offering the best Bitcoin price through a partnership with Bitcashout.com an established exchange.

The ATM will provide a comfortable user-end, fast transactions, and security to provide the most customer-friendly service.

This new ATM will offer the ability to purchase Bitcoins using fiat with ease, rather than wasting time waiting for bank-wire and other less advanced methods.

The operators of this new Bitcoin ATM decided to use an innovative and a low-cost bounty system, awarding Bitcoins for different contributions from the crypto-community for such as articles,video and similar.

What is Bitcoin?

Bitcoin is an innovative payment network and a new kind of money.

Bitcoin uses peer-to-peer technology to operate with no central authority or banks; managing transactions and the issuing of bitcoins is carried out collectively by the network. Bitcoin is open source; its design is public,nobody owns or control Bitcoin and everyone can take part.

Through many of its unique properties, Bitcoin allows exciting uses that could not be covered by any previous payment system.