Amsterdam Airport to Swap Leftover Euros for Bitcoin

Jun 21, 2018 at 13:04 Update Date :Jun 21, 2018 at 13:04 UTC

Schiphol International Airport, Amsterdam has a currency exchange ATM like no other. The machine set up at the airport allows passengers to convert their Euros into Bitcoin or Ethereum.

In a statement on Wednesday, the airport authorities informed that they have been evaluating the demand for the two most popular cryptocurrencies over a six-month pilot. An initiative of this kind is a first for a European Airport.

The ATM is placed at an optimal location near the airport’s departure terminal which allows the passengers to convert their excess euros into the cryptocurrency of their choice at the market value.

Specifically, the crypto ATM is positioned strategically in Arrival Hall 2 which can also be accessed by Departure Halls 1 and 2 where the traffic of outbound passengers is the highest.

Tanja Dik, Amsterdam Airport Schiphol’s director of consumer products and services, said in statements:

“With the Bitcoin ATM, we hope to provide a useful service to passengers by allowing them to easily exchange ‘local’ euros for the ‘global’ cryptocurrencies Bitcoin and Ethereum. That can be beneficial if, for instance, it’s not possible to spend euros in their home country.”

The 2-way ATM accepts euro bills and has been installed through a partnership with ByeleX, a Dutch software services firm that offers crypto ATMs through its subsidiary ‘Byecoin’.

The unconventional notion of allowing travellers to ply cryptocurrencies like Bitcoin at international airports to nullify the inconvenience of the elevated conversion fees during currency conversion is spreading amongst the airport authorities across the globe.

This trend of using cryptocurrency at airports is catching on quickly. For instance, Australia’s Brisbane airport has introduced crypto payments for some of its retail shops earlier this year. These shops are visited by both, inbound and outbound passengers, giving them the choice to make payments in Bitcoin, Ethereum and other cryptocurrencies.

Leave a Reply

Please Login to comment
Notify of