After bagging $2 million in seed funding from local investors, Hong Kong Crypto Exchange (HKCEx) has announced to open a network of 10 Bitcoin ATMs in 10 largest shopping and financial centers in Hong Kong. Each machine will allow users to buy and sell online any of five basic crypto-currencies, including Bitcoin, Litecoin, Namecoin, Novacoin, Peercoin, and to make a withdrawal with HKD or USD.

The ATMs will have a direct connection to the HKCEx, so that one could track online all the current exchange rates. It will also allow users to either login to their HKCEx wallets or to make buying and selling for cash on a no-name basis.

A registered user will also be able to top up its HKCEx account with cash, to deal in with no barriers and to withdraw some free funds and either get cash or change them to digital currency. Each ATM will be equipped with all the up-to-date technologies such as QR-scanner, two-factor user identification and chip-based keys.

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Emma Lee

Emma Lee is Shanghai-based tech writer, covering startups and tech happenings in China and Asia in general. We are looking for stories related to tech and China. Reach her at lixin@technode.com.