![]() Octarine Labs was founded in 2012, specializes in IT consultancy and development with a Bitcoin focus, and employs a group of five. Debreczeni says, he is aware that the general audience in Hungary is uneducated about Bitcoin, and he believes that the ATM is the most suitable and comprehensible way to conduct Bitcoin education “an ATM in its physical appearance in a safe public place.” If you ever visit Hungary's capital, you should know that on Kroly k. ![]() By the end of 2014, Octarine plans to upgrade the ATM so that it can also change bitcoins into Forint banknotes. Adam and his father are the owners and masterminds behind the Bitcoin Bar in Budapest. The Octarine Labs press release says that Forint banknotes are changed into Bitcoin through an English account of the company in order to guarantee compliance with tax regulations and the legal environment. He added that they already have people interested who are not part of the tech world, saying “The ATM is a catalyzed in a way, because people who are not from the tech world get into this new world or economy through it.” I’m expecting both Hungarians and tourists to come in and use the ATM, especially when tourists will be able to cash out.” Debreczeni said that by next summer, he hopes that tourists will be able to use his ATM to get cash cheaper than they could through traditional ATMs. I’d love to see 1000 transactions before Christmas. I’m really excited for the ATM to be in this place because it’s really central for Hungarians and tourists as well. “We want to make sure that we comply with all laws in Hungary. Octarine Labs CEO Barnabás Debreczeni talked about the : In the event that trouble arises when interacting with the ATM, Octarine Labs offers support in English and Hungarian during Club Anker operating hours. Bitcoin value is priced via the Bitstamp exchange, a Slovenian-English owned market. The Octarine Labs-owned ATM was manufcatured by the Lamassu company and will change Hungarian Forint banknotes into Bitcoin in 15 seconds and aims to accommodate those who are afraid of personal Bitcoin or online exchange bitcoin dealings.Īn individual can insert a minimum of HUF 2000 and change them into Bitcoin, which will then be transferred to the user’s mobile wallet via QR scanner, or printed on a paper wallet. This old-school gamers bar is open from 4pm to 2am Tuesday to Saturday, closing at midnight on Sundays and Mondays. Hungary ATM Hungary’s first Bitcoin ATM can now be found in the downtown at Budapest inside of the well-known coffee-house Club Anker. The place has a fantastic atmosphere as you can see the beautiful city no matter where you look.The application was announced at the press briefing by Taylor Tyler – Bitcoin Service The design is modern, and even though you sit inside, you can still enjoy the view from all the tables. This isn’t a place for the poor, meaning that you feel surrounded by wealthy people as you enjoy the view and drink your coffee. It is a perfect place for a vorspiel (if you have the money to pay for the drinks) and it is especially popular among tourists coming to enjoy everything Budapest offers. One interesting effect of the bar is that you wash your hands in the actual bar. What do I mean? You go to the toilet, and you do your thing. ![]() Debreczeni also runs the Bitcoin Budapest group on, and organizes occasional meetups for anyone using, mining, accepting or building services around Bitcoin. In other words, people will notice if you wash your hands, and maybe even worse, if you don’t wash your hands! Then you leave the toilet and wash your hand in the open space where everyone can see you. As well as being responsible for Budapest’s first Bitcoin ATM, Shinrai runs MrCoin, a Bitcoin exchange, and Debreczeni also sits on the board of Hungarian Bitcoin Association. Leo Rooftop Bar has space for 80 people at most. It is important to know that the location is frequently used by companies who arrange a luxurious events for their employees. Leo Rooftop Bar – What more is there to say? In other words, you shouldn’t be surprised if you cannot book a table here on a dedicated night, even though you try to book months in advance. This is a perfect place for a drink and a good meal with a splendid view. The panorama is beautiful, and it will become even more beautiful as the construction work on the Chain Bridge is finished. ![]() Even though it is tempting to look towards the Danube and the bridges all the time, do not forget to look at the Buda Castle as it looks truly magnificent from the terrace of Leo Rooftop Bar. Shouldn’t a BItcoin Bar at least accept payments in different cryptocurrencies? And why don’t they have some more fun with the menu and call it a Satoccino instead of Cappucino or maybe rename the Jägermeister to Lambomeister (while keeping the original title next to it so people will understand what they are about to get)? The strange thing about the bar is that besides the name, there aren’t much on the inside or the outside that makes you think about Bitcoin or other cryptocurrencies. ![]()
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