Indian cryptocurrency exchange Unocoin installs atms to go around banking ban

In a move that is reminiscent of marijuana dispensaries, that do not have access to banking services, Unocoin has installed atms to accept cash from users. Speaking to, Unocoin CEO Sathvik Vishwanath, said

“These ATMs help people to cash in and cash out which was not possible before due to RBI restriction on banks to not provide bank accounts. The gap is now completely filled by these ATMs except that physical access is required to deposit and withdraw money.”

Just goes to show, demand will be met one way or another.

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