TechNation: Virtual Crypto Technologies Offers Software for Bitcoin Transactions at Regular ATMs

Local financial tech sector heating up with entry of global financial service firms ■ Virtual Crypto Technologies offers software for bitcoin transactions at regular ATMs ■ Sports Events 365 signs season ticket deal with Atletico Madrid

Representation of the Bitcoin virtual currency standing on the PC motherboard is seen in this illustration picture.
REUTERS/Dado Ruvic/Illustration/File Photo

Local financial tech sector heating up with entry of global financial service firms

Multinational financial service firms are increasingly active in Israel’s financial technology industry, a new report from Start-Up Nation Central found. Over $400 million was raised in 45 deals in the first half of 2018, exceeding previous half-year investments by 33% and 45%, respectively. Some 73% of all venture capital-backed investment in Israeli financial tech this year has been foreign, up from 60% in 2016. Around 16 global firms, including AXA insurance, Visa, AmTrust, Bank of Montreal, Fosun, Munich Re, Mastercard and BNP Paribas have over the past 18 months either opened a new presence in Israel or diversified their existing activities here to include financial tech, the report shows. (TheMarker)

Virtual Crypto Technologies offers software for bitcoin transactions at regular ATMs

Virtual Crypto Technologies, a startup dedicated to making cryptocurrencies accessible to the public, announced this week it will offer ATM operators worldwide software that will enable users to buy, sell and withdraw bitcoins at regular ATMs. Virtual Crypto will remotely install its software in the machines. To sell bitcoin via the software, the user scans QR code that will appear on the ATM screen. The user will then receive from the ATM fiat money in accordance with the amount of bitcoin sold, converted into cash at an exchange rate and commission located by Virtual Crypto’s proprietary algorithms. Similarly, the user can securely purchase bitcoin at regular ATMs equipped with a camera, the company added. (TheMarker)

Sports Events 365 signs season ticket deal with Atletico Madrid

Sports Events 365, an international provider of tickets for sports and music events worldwide, has signed a season ticket agreement for the 2018/19 season with Atletico Madrid, winner of the 2018 UEFA Super Cup. The agreement with Atletico Madrid is part of a series of season ticket agreements that Sports Events 365 has signed with major soccer clubs in Europe. “The season ticket agreements allow us to cater to the needs of groups of tourists who are looking for a much larger number of tickets to matches,” said Sefi Donner, the company’s Israeli founder and CEO. He is predicting 30% growth in the Spanish market this coming year as a result of the season ticket agreements. “We are working to expand our network of season ticket agreements to additional European clubs in top leagues in order to produce the best possible offering for football fans all over the globe,” added Donner. (TheMarker)