Close up of bitcoin transactions with ATMs in Ho Chi Minh City

Although it has not appeared for a long time and has not been recognized by Vietnamese law, many people in Ho Chi Minh City still go to cafes and eateries that integrate ATMs for transactions.

Inside a restaurant in Ly Tu Trong Street (District 1), there is one - called BTM to distinguish it from regular ATMs.In addition to English and French languages, the machine also has Vietnamese language and the ability to trade in Vietnamese currency.

In response to the press, Mr. Trinh Minh Phuc, co-founder of Bitcoin Vietnam Company, which manages ATM bitcoin on Ly Tu Trong Street, said this store is a friend's.The machine is here to be easy to manage to help the restaurant more crowded.

The BTM was imported to Vietnam in 2015. However, it took a year later, when the installation was completed, to select the location and the relevant legal documents, the BTM was officially operational.Currently Ho Chi Minh City has about four ATM bitcoin machines.

Beside BTM is the notification line from Bitcoin Vietnam;By taking advantage of the presence of this machine, many individuals, unhealthy multi-level bitcoin business organizations came to film, take pictures and "pick up" their own machines to deceive users.

According to the staff of the coffee shop on Bui Vien Street (District 1), every day ATM bitcoin is here with about 5-10 customers making transactions.

On the outside, this machine is similar to other ATMs, with full touch screens, QR code scanning cameras, anti-theft cameras, recharge / release slots and receipt printing slots.The only difference is that its interface is completely different from other bank ATMs.

Users need to enter the phone number and authentication code to enter the bitcoin purchase interface.

The system will ask users if an electronic wallet is available to contain bitcoins and if not, the system will automatically give the user a "virtual wallet" and it will be printed out via the receipt printing slot.

After that, users need to scan the wallet's barcode system so that the system can send money to it.Next, users need to put money into the slot below and automatically convert to bitcoin to send to their "virtual wallet".A confirmation message will be sent to the pre-registered phone number, and the invoice will be printed and the transaction will be completed.

Print bill slot and print "virtual wallet" of the machine.

Beside the bitcoin branch ATM has an electronic board that runs bitcoin price information for visitors.

There is an ATM bitcoin integrated cafe that alerts customers about not accepting bitcoin payments at the bar.