Israel Gets Its First Bitcoin ATM

The first Bitcoin ATM machine installed in the Middle East on June 11, 2014 at the Town-House TLV hotel in the Mediterranean coastal city of Tel Aviv. Photographer: Jack Guez/AFP via Getty Images

Yaniv Moyal pulled out a wad of shekels last week and fed the bills, one by one, into Israel's first bitcoin cash machine. Moyal, a lawyer and advocate for the virtual currency, converted just over 2,000 shekels ($578) into about one bitcoin stored in his online wallet.

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